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Bank of England cuts rates to record low on Brexit
LONDON: The Bank of England on Thursday slashed interest rates to a record low 0.25% and announced a stimulus package to combat economic fallout from Britain’s EU
Published on: Aug 5, 2016, 06:33:23 IST
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LONDON: The Bank of England on Thursday slashed interest rates to a record low 0.25% and announced a stimulus package to combat economic fallout from Britain’s EU exit, cutting borrowing costs for the first time in more than seven years. The BoE delivered a $227-billion stimulus package.
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