China News Service, March 11. According to the British Broadcasting Corporation (BBC), in the face of the outbreak of the new crown pneumonia outbreak, the Bank of England announced an emergency rate cut and cut the benchmark interest rate from 0.75% to 0.25%.
According to reports, the Bank of England also said it would relax capital controls to enhance lending capabilities. The Chancellor of the Exchequer is expected to announce further measures to support economic growth and stabilize employment.