Bank of England cuts interest rates by 50 basis points

David Brenchley
clock • 1 min read

The Bank of England (BoE) has implemented an emergency cut in interest rates by 50 basis points in an attempt to stave off the “economic shock” of the coronavirus.

The Monetary Policy Committee (MPC) followed in the footsteps of the US Federal Reserve, among others, voting unanimously at a special meeting to slash the rate to 0.25%. The BoE said the cut wo...

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