Base Interest Rates Cut
August 4, 2016

The Bank of England has cut base interest rates from 0.5% to 0.25% and has introduced a £170bn package of measures designed to provide additional monetary stimulus to the economy following the Brexit referendum. In making the announcement, Bank of England Governor Mark Carney stated he was unveiling an “exceptional package of measures” because “the economic outlook had changed markedly” following the Brexit vote.

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