to historic lows on Wednesday in order to deal with the growing uncertainty caused by the outbreak of coronavirus.
"The idea is that lower interest rates should encourage spending as it costs less to borrow, while the Bank has also said it will relax capital rules for businesses, mimicking moves from other central banks including the Federal Reserve.
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Coronavirus: Bank of England cuts interest rates to protect UK economy - Business InsiderThe Bank of England has slashed interest rates to 0.25% in an emergency move to protect the UK economy from the coronavirus outbreak india is so alien to 'protecting the economy' thing xD daymaloney
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