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

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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