As we bring our coverage of today's event to a close here's a quick summary:

The Bank of England cut its benchmark interest rate to record low of 0.25%, and said it would buy government and corporate bonds as part of a broad package of measures to stimulate the U.K. economy in the wake of the Brexit vote.

The bank also revived its long-dormant U.K. government bond-buying program; announced it will start buying corporate bonds in September; and said it has lined up billions of pounds in ultracheap four-year loans for banks to fuel lending.

Key points:

0.25% interest rate

Up to £10 billion in corporate bond purchases

An additional £60 billion for asset purchase program

Read the full article here.

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