noon   Sun Oct 08, 2006 10:05 am GMT
(They argued that the case for a half-point interest-rate cut was “compelling”.)
What does "half-point interest-rate cut" mean, esp. "half-point"?
Robin   Mon Oct 09, 2006 12:20 am GMT
This one is easy.

A full interger cut or rise in the interest rate, would be a rise from 5 to 6.

A half point rise, is a rise from 5 to 5.5

In other words, the interest rate has risen by half a point.