A Web transfer glitch caused red faces at the UK Treasury yesterday as interest rates were wrongly published on the wires. The quarter percentage point increase recommended by the Governor of the Bank of England was published as a half point rise instead.
A spokesperson explained: ?The monthly minutes have to be transferred across different systems and sometimes the quarter symbol turns into a half. We spotted it quickly and changed it.? The Treasury recommended people to take note of the printed version, which contains the correct figure.
The unfortunate error occured on the same day that the Bank of England warned against the dangers of conducting business in cyberspace.
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