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The UK interest rates have been slashed to the lowest level ever in the wake of the Coronavirus pandemic

The UK interest rates have been slashed to the lowest level ever in the wake of the Coronavirus pandemic

The Bank of England has opted to slash interest rates once again in an bold but necessary move to support the United Kingdom’s economy as it faces the coronavirus pandemic.

This is the second cut the Bank has implemented in interest rates which has brought them down to 0.1% from 0.25%.

The Interest rates are now sitting at the lowest they have ever been in 325 years.

Read the full story here on the BBC : https://www.bbc.co.uk/news/business-51962982

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