Wednesday, March 11, 2020

UK CUTS INTEREST RATES TO MINIMISE CORONAVIRUS IMPACT

The UK's central bank has slashed the main interest rate by over half, to try to minimise the economic impact of the coronavirus epidemic.

The Bank of England governor, Mark Carney, said the lower rate should help boost boost cashflow and raise confidence.

Our UK correspondent, Stuart Smith, reports.

IN: "The cut, from 0.75%..."
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