The Bank of England's made an emergency cut to interest rates in response to the coronavirus outbreak.
The main rate's gone down from 0.75 percent to a joint historic low of 0.25 percent.
In a statement the bank said its role is to help UK businesses and households manage through an "economic shock" from Covid-19.
Business commentator Michael Wilson says it's significant.
IN: "It's a...
OUT: ...concerned."
DUR: 18 seconds
http://www.fsnradionews.com/feeds/0311rates-wilson1.mp3
The main rate's gone down from 0.75 percent to a joint historic low of 0.25 percent.
In a statement the bank said its role is to help UK businesses and households manage through an "economic shock" from Covid-19.
Business commentator Michael Wilson says it's significant.
IN: "It's a...
OUT: ...concerned."
DUR: 18 seconds
http://www.fsnradionews.com/feeds/0311rates-wilson1.mp3