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
Explore More