The Bank of England has cut its key interest rate by 25 basis points to a record-low 0.25%, moving to cushion the blow of the UK’s planned withdrawal from the EU. The central bank says it will lend as much as £100 billion to banks, among other stimulus measures.
In the same time, the bank plans to buy £10 billion of high-grade corporate bonds and expand its government bond buying program.
Bloomberg (8/4)
