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UK Bank interest rates hit all-time low

The Bank of England has cut interest rates to 1.5%, the lowest level in its 315-year history, as it continues efforts to aid an economic recovery. The half percentage point reduction brings interest rates below 2% for the first time since the Bank of England was founded in 1694. The Bank has now reduced rates four times from October’s 5% level.

Read the article: Interest rates hit all-time low