The main reason for the fall was mortgage interest rate cuts following Bank of England base rate cuts.

零售价格指数的计算基准是大多数人消费的多少。这个指数的下滑主要是由于英格兰银行下调了基准利率，随后按揭利率也下调了。

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Reserve Bank of Australia Governor Glenn Stevens, meanwhile, has embarked on the biggest round of interest-rate cuts in almost two decades.

同时，澳大利亚联邦储备银行行长Glenn Stevens开始着手进行近二十年来最大的利率下调。

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It's a very emphatic entry into recession which underlines the need for very dramatic interest rate cuts which we think the Bank of England will deliver.

目前正处于即将进入衰退的重要时刻，这凸显了采取引人注目的降息举措的必要性，我们认为央行将会采取这样的措施。

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The outlook for global growth also got a boost after the European Central bank cuts its benchmark interest rate a quarter of a percentage point to 0.5 percent.

NPR: Stocks Gain After Unemployment Claims Fall

However, the IoD said that aggressive interest rate cuts by the Bank of England last year coupled with rising public spending should stave off a recession this year.

BBC: UK business confidence slumps

In addition, several of the world's central banks, including the U.S. Federal Reserve and the European Central Bank, took the unprecedented step of synchronizing interest rate cuts to kickstart credit markets.

FORBES: Global Financial Crisis