Bank of England Emergency Rate Cut from 0.75% to .25%

The Bank of England has announced an unexpected cut to interest rates in response to the “economic shock” of the coronavirus.

The Monetary Policy Committee unanimously agreed to reduce the main bank rate by 50 basis points to 0.25% at a special meeting yesterday.

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mdi-timer March 11 2020 @ 07:14 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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