Debate House Prices
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UK Interest rate cut by 0.5% to 0.25%
The Bank of England has announced an emergency cut in interest rates to shore up the economy in the wake of the coronavirus outbreak.
Policymakers reduced rates from 0.75% to 0.25%, taking borrowing costs back down to the lowest level in history.
The Bank said it would also relax capital rules to free up billions of pounds of extra lending power.