Bank of England Cuts Rates to Protect Economy From Virus

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Bank of England Cuts Rates to Protect Economy From Virus
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Bank of England cuts bank rate to 0.25% from 0.75%

The Bank of England cut its benchmark interest rate in a move aimed at cushioning the U.K. economy from the impact of the coronavirus. At a special meeting of its policy committees Tuesday, officials agreed to cut the BOE’s benchmark rate to 0.

25% from 0.75%, the central bank said Wednesday.
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