Show bank of england shows confidence in united states london the directors of the bank of england on thursday lowered the minimum rate of discount to 6 from 7 per cent which latter rate was established as it a result of ff the recent Ame american financial crisis celsis improved financial conditions in america coupled with a better monetary situation in ili germany assisted the directors la in their decision to remove the stringent rate of discount which has ben handicapping trade and speculation for the past seven weeks |