BoE cuts rates to 0.1% in latest pandemic response

Boosts QE measures

Mike Sheen
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BoE cuts rates to 0.1% in latest pandemic response

The Bank of England (BoE) has cut its interest rate by 15 basis points to 0.1% as the central bank moves to reduce the “economic shock” stemming from the coronavirus pandemic.

After an emergency meeting on 19 March, the bank's Monetary Policy Committee (MPC) also voted in favour of an additional £200bn of government bonds and sterling non-financial investment-grade corporate...

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