The Bank of England reduces the interest to 0.25

The bank of England reduced the interest rates from 0.5% to 0.25% , the lowest it has ever been and the first time reduced since 2009. The Bank of England has also gave an indication that interest rates can reduce further if the economy falls. The Bank of England also announced that £100bn scheme to make the banks to give low interest rate to households and businesses to stimulate the economy of United Kingdom. The Bank of England will also buy UK government and corporate bonds that are worth billions. 
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