Reuters: Bank of England cuts rates, to buy govt bonds to boost economy

[chris]

Bank of England cuts rates, to buy govt bonds to boost economy
      
   
      

LONDON (Reuters) - The Bank of England cut interest rates by 50 basis points on Thursday to a record low of 0.5 percent, and said it would buy 75 billion pounds of assets to expand the money supply and aid a recession-hit British economy.<div class="feedflare">
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