Ten Things You Need to Know Today: Wednesday 11 Mar 2020

1. Bank cuts interest rates over coronavirus scare

The Bank of England has announced an emergency cut in interest rates in an attempt to reduce the impact of the coronavirus outbreak on the UK economy. The rate has been reduced from 0.75% to just 0.25% to “help prevent a temporary disruption from causing longer-lasting economic harm”, the Bank said.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us