Bank of England cuts interest rates to record low of 0.25%

The Bank of England has cut interest rates for the first time since 2009 and said it would buy £60 billion of government debt to ease the blow from Britain’s June vote to leave the European Union. The central bank said it expected the economy to stagnate for the rest of 2016 and suffer weak … Continue reading Bank of England cuts interest rates to record low of 0.25%