The Bank of England has slashed interest rates to 0.25% in an emergency move to protect the UK economy from the coronavirus outbreak

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Bank of England slashes on interest rates from the UK to coast the economy.
Interest rates climbed from 0.75% to 0.25 percent.
The move comes ahead of a string of additional emergency measures to be announced by UK Chancellor Rishi Sunak in his budget on Wednesday lunchtime.
The UK government is to take measures to tackle the emergency after UK Health Minister Nadine Dorries announced on Tuesday that she was diagnosed using COVID-19.
Read the latest about the way the coronavirus is spreading across Britain.
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The Bank of England has slashed UK interest levels from 0.75% to 0.25% in an emergency move to shore up the UK economy in the face of the coronavirus epidemic.

Even a spokesperson said that the choice was taken as a result of fact that”Indicators of financial market uncertainty have reached extreme levels.” See the rest of the narrative at Business Insider

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