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Bank of England cuts UK interest rate to record low

The Bank of England Thursday cut a key interest rate from 1 percent to 0.5 percent, a new record low. The reduction in the official bank rate was expected.

Posted byadminMarch 5, 2009Posted inDaily NewsTags: a-statement-the, and-businesses-, britain, encourage-banks, lending, Money, operation, other-as-well, rate, that-the-bank, those-accounts-, when-the-rate
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