Bank of England cuts rates for first time since 2009, restarts bond purchases

"Following the United Kingdom`s vote to leave the European Union, the exchange rate has fallen and the outlook for growth in the short to medium term has weakened markedly," the central bank said in its quarterly Inflation Report.

Bank of England cuts rates for first time
A bus passes the Bank of England in London, Britain August 4, 2016. REUTERS/Neil Hall

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