Wednesday, 30 September, 2020

Coronavirus: UK interest rates slashed again in emergency move

The Bank of England has slash fascination prices once more in an crisis move as it tries to guidance the British isles overall economy in the facial area of the coronavirus pandemic.

It is the next minimize in interest prices in just in excess of a 7 days, bringing them down to .1% from .25%.

Desire prices are now at their least expensive amount in historical past.

The Financial institution said it would also increase its holdings of British isles governing administration and company bonds by £200bn correctly pumping far more income into the economic climate.

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