The Bank of England has cut interest rates by 0.5% to 1.5%.
Rates were previously at 2%, following a cut of 1% last month.
This is the lowest level in the Bank’s 315-year history, and is the first time rates have fallen below 2%.
Bank of England cuts interest rates to 1.5%
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The Bank of England has cut interest rates by 0.5% to 1.5%. Rates were previously at 2%, following a cut of 1% last month. This is the lowest level in the Bank’s 315-year history, and is the first time rates have fallen below 2%. helen.roxburgh@rbi.co.uk
