Reuters: BoE cuts rates to 0.5 percent, to pump money into economy

[chris]

BoE cuts rates to 0.5 percent, to pump money into economy
      
   
      

LONDON (Reuters) - The Bank of England cut interest rates by 50 basis points to a record low of 0.5 percent on Thursday, and said it would pump 75 billion pounds of new money into buying assets, mostly gilts, in its battle with recession.<div class="feedflare">
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