Bank of England Imposes a 50 Basis Point Rate Cut
Posted on 03/12/2020
The Bank of England conducted an emergency cut in interest rates to shore up the economy amid the coronavirus (COVID-19) pandemic. On March 10, 2020, the Bank of England’s Monetary Policy Committee voted unanimously to reduce Bank Rate by 50 basis points to 0.25% from 0.75%. This lowered borrowing costs to the lowest level in […]
