WorldEuropeCoronavirus pandemicPrint articleBank of England ramps up bond-buying, cuts rates to near zeroWilliam Schomberg and David MillikenMar 20, 2020 – 11.10amSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this article NewSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLondon | The Bank of England promised £200 billion ($403 billion) of bond purchases and cut its key interest rate to 0.1% in a second emergency move in just over a week to try to mitigate the hit to Britain's economy from the coronavirus outbreak.The moves came as the UK government prepared to offer unprecedented support for millions of British workers under radical plans to be unveiled by Chancellor Rishi Sunak on Friday (Saturday AEDT).Loading...ReutersSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this article NewSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreCoronavirus pandemicUKEuropean Central BankBank of EnglandBoris JohnsonLatest In EuropeFetching latest articlesMost Viewed In World
