BoE cuts rates for first time since 2009, expands QE

Additional QE and bond purchases

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BoE cuts rates for first time since 2009, expands QE

The Bank of England has today cut interest rates to 0.25%, the first move it has made since cutting them in March 2009, and boosted QE and its bond purchasing programme.

The members of the Monetary Policy Committee voted unanimously for a rate cut, in a widely anticipated move, following a decision to leave rates on hold in last month's meeting. The Bank said the majority...

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