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This content was originally published by MarketWatch.com - Top Stories. Original publishers retain all rights. It appears here for a limited time before automated archiving. By MarketWatch.com - Top Stories
Warning that the coronavirus would bring a “sharp and large shock” to the U.K. economy, the Bank of England Wednesday morning to cut interest rates by 50 basis points to 0.25%, and launched a special financing facility to help businesses cope with the outbreak’s fallout.