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Bank of England cuts interest rates and announces plans to print £150bn

Stefan Karlsson's blog found this 3/5/2009 on telegraph.co.uk

The Bank's Monetary Policy Committee voted to cut interest rates by half a percentage point to a new historic low of 0.5pc, and said it would immediately pump 75bn of cash into the economy. The sweeping move - known as quantitative easing and considered to be the "nuclear option" for central ...