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Bank of England cuts interest rate to 0.1%

"The Bank of England has cut the interest rate to 0.1% and injected £200m into the economy through bond purchases."

"This is the second cut the Bank’s Monetary Policy Committee has made via an emergency meeting in two weeks, after it slashed the rate from 0.75% to 0.25% last week."

"A Monetary Policy Committee statement said: “The spread of COVID-19 and the measures being taken to contain the virus will result in an economic shock that could be sharp and large, but should be temporary."

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