Ten take-aways from the BoE's 'bazooka' announcement

Natalie Kenway
clock • 2 min read

A round-up of the key points after yesterday's rate cut by the Bank of England, and the introduction of what one economist dubbed its "bazooka surprise".

1. Interest rates were cut by 0.25% in a widely expected move, in the Bank of England's first rate adjustment since March 2009. The MPC voted unanimously in favour of the decision. 2. Although t...

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