Bank of England cut rates ready for 'sharp and large' impact of coronavirus

The Bank of England has cut UK interest rates from 0.75% to 0.25% in an emergency move to bolster the economy amid the coronavirus outbreak and hours before the chancellor, Rishi Sunak, presents his budget. Mark Carney, the Bank governor, said the impact of the virus was likely to be temporary but could be 'sharp and large', and that the rate cut was a co-ordinated response with the Treasury
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Coronavirus: Bank of England makes emergency interest rate cut ► https://www.theguardian.com/business/2020/mar/11/bank-of-england-rate-cut-just-before-budget-is-perfectly-timed-covid-19

Bank of England rate cut just before budget is perfectly timed ► https://www.theguardian.com/science/2020/jan/23/tell-us-have-you-been-affected-by-the-coronavirus

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