BREAKING: UK interest rates cut to 0.25%

BREAKING: The Bank of England has cut interest rates from 0.75% to 0.25%.

Our economics editor Ed Conway says both the size and timing of the cut are dramatic, adding "It’s very unusual to have an emergency cut that comes outside their normal schedule… it kind of brings you back to the era of the financial crisis"

He also says the move underlines "how concerned every wing of Government is about coronavirus"

Read more here: trib.al/ghcewAI

#InterestRates #Coronavirus #Budget

Original Author: Produced by Sky News and published on 11/03/2020 Source