Bank Of England Cuts Rate To Historic Low (0.25%), Boosts Stimulus In Face Of Brexit Threat

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As well as the much larger QE effort, the BoE plans to loan private banks as much as 100 pounds in a move to ensure lenders have enough liquidity.

OTTAWA - Mark Carney did what was expected of him on Thursday, and then some, cutting the Bank of England's benchmark lending rate and promising to plough tens of billions of dollars into the country's financial system. What is expected now from a Brexit-beaten economy remains uncertain. Much more work lies ahead for the central bank…