On 4 March 2009 the Bank of England (BoE) cut UK interest rates to 0.5%. These were dark days for the UK, mired deep in recession with inflation running at 2.9%; way in excess of its 2% target.
The BoE had also taken the unprecedented step of launching its quantitative easing (QE) programme in a last-ditch attempt to stimulate economic growth. Five years on, the economy is recovering....
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