PropertyEU

Bank of England cuts interest rate to 0.5%

By A staff reporter 2009-03-06T00:00:00

The Bank of England has reduced its interest rate by 0.5% points to 0.5%, the lowest since the bank was founded in 1694. The bank also announced a programme to purchase £75 bn (EUR 84.5 bn) of assets aimed at boosting the supply of money and credit.

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