London Development Sites

Property development opportunities in London

Monetary Policy Committee cuts interest rates to record low of 0.1%

March 19, 2020

The Bank of England’s Monetary Policy Committee cut interest rates to a record low of 0.1% at a special meeting on the 19th of March. The aim of the cut is to help UK businesses and households cope with the economic disruption expected as a result of the measures necessary to contain the spread of the Covid-19 virus.