Bank of England cuts interest rates to historic low of 1.5%

The Bank of England made history today by slashing interest rates to an all-time low of 1.5%.

Bank of England cuts interest rates to historic low of 1.5%

The Bank of England made history today by slashing interest rates to an all-time low of 1.5%.

Rate-setters cut borrowing costs from 2% to 1.5% – the lowest since the Bank was founded in 1694 – but disappointed those looking for an even bigger move to combat a worsening recession.

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