BoE ready for more action as coronavirus threat grows - Bailey
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LONDON (Reuters) - Bank of England Governor Andrew Bailey said the British central bank is open to further emergency measures as the economic threat posed by the coronavirus has grown since last week when the BoE slashed interest rates."The effect of this on big firms has become much starker in the last week," Bailey said on Wednesday. On March 11, the BoE cut rates to a joint record low 0.25% and launched measures to encourage banks to keep lending to smaller firms.As the crisis grew, with..