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UK Interest Rates, from 0.5% to 0.25%

  • UK Interest Rates, from 0.5% to 0.25%

    After 2009, the UK interest rates have been cut from 0.5% to 0.25%. The Bank of England has made the announcement that measures are taken to stimulate the economy of the UK including buying of the UK government bonds at £60bn and corporate bonds at £10bn. However, one member has opposed to the corporate bond buying scheme.