This is a 'historic' moment for the UK's economy, says Mohamed El-Erian

Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, Cambridge, joins CNBC's 'Squawk Box' to react to the Bank of England's decision to temporarily buy long-term bonds to stabilize the market. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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