The Bank of England cut rates by 0.5% in an emergency coronavirus response, mirroring the Fed

The Bank of England, the UK's central bank, cut interest rates by 0.5 percentage points on Wednesday morning as part of an emergency response to the coronavirus.

A public statement said: "At its special meeting ending on 10 March 2020, the Monetary Policy Committee (MPC) voted unanimously to reduce Bank Rate by 50 basis points to 0.25%"

Rates before the cut wre 0.75%.

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