OREANDA-NEWS. The Bank of England at an extraordinary meeting on March 19 decided to lower the interest rate by 15 basis points, to 0.1 % per annum. It also increased the repurchase of assets from the market to 645 billion pounds sterling (about 838 US dollars). This was reported by the press service of the regulator.

On March 11, the Bank of England has already lowered the interest rate by 50 basis points, to 0.25 %.

On the same day, Chancellor of the Exchequer Rishi Sunak announced that the British government would allocate 30 billion pounds sterling (38.9 billion dollars) for supporting measures for private enterprises and the healthcare system of the country in the context of the spread of a new coronavirus.