Dorset Chamber chief executive Ian Girling said: “This unprecedented move shows the gravity of the situation facing us as the outbreak continues to escalate rapidly.
“That the Bank has acted so quickly and so decisively is clearly part of a concerted effort with the Government to support the economy and provide reassurance for business and the general public.
“It is absolutely vital that we see money in the economy to keep businesses afloat and the wheels of commerce turning.
“The Government and Bank must continue to do the right thing and stay ahead of the coronavirus curve where possible.
“As a chamber we also call on businesses to act responsibly, particularly large businesses, in ensuring their suppliers are paid promptly.
“We will continue offer support and advice for members and non-members across Dorset during these extraordinary times.”