The Bank of England cut rates 50 basis points and provide additional stimulus (emphasis added):
At its special meeting ending on 10 March 2020, the Monetary Policy Committee ((MPC)) voted unanimously to reduce Bank Rate by 50 basis points to 0.25%. The MPC voted unanimously for the Bank of England to introduce a new Term Funding scheme with additional incentives for Small and Medium-sized Enterprises (TFSME), financed by the issuance of central bank reserves. The MPC voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of