BoE launches package of Covid-19 response measures

Bank of England
Photo: Juno Snowdon Photography

The Bank of England cut interest rates back to historic lows and unveiled a broad set of additional measures on March 10, following an emergency meeting of all its main policy committees in response to the Covid-19 outbreak.

The monetary policy committee (MPC) voted unanimously to cut the key bank rate by 50 basis points to 0.25%. The financial policy committee agreed to cut the countercyclical capital buffer (CCyB) to zero, from 1%, freeing up an estimated £190 billion ($245 billion) of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account