The Bank of England looks ready to cut interest rates for the first time since 2009 on Thursday, seeking to stop Britain’s vote to leave the European Union from kicking the country into recession.
It may even go a step further and pump billions of pounds into financial markets.
Economic surveys have pointed to a sharp slowdown since the BoE wrong footed markets just over two weeks ago, when it kept rates on hold while it considered a bigger, unspecified package of stimulus, which policymakers said was likely in August.
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