Bank of England cuts interest rates, quarter point

UK - The Bank of England has cut UK interest rates by a further quarter point as it tries to stem the economic turbulence triggered by last month's terror attacks.

Click the link on the right to read the Bank of England's News Release on the interest rate reduction.

It is the sixth time the Bank has cut rates this year, and leaves the UK base rate at 4.5% - its lowest level since 1964.

The Bank said early signs suggested the UK economy would not be as badly affected as the US following the attacks

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