Published 4 years ago

Bank of England plays down use of negative interest rates to aid recovery

Summary

Andrew Bailey has cooled expectations that the Bank of England will deploy negative interest rates in the immediate future, despite the sharp rise in coronavirus infections weighing on Britain’s economic recovery.

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BBC News

What are negative interest rates?

What are negative interest rates, and how could they work in favour of consumers?

4 years ago·United Kingdom

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Yahoo News

BOE’s Bailey Plays Down Chance of Negative Rates on Virus Risks

(Bloomberg) -- The Bank of England isn’t close to negative interest rates despite the resurgence of the coronavirus reinforcing downside risks to the U.K. economy, according to Governor Andrew Bailey.While the bank has “looked hard” at rate cuts and negative rates are in the toolbox, planned technical

4 years ago·Los Angeles, United States

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The Guardian

Bank of England plays down use of negative interest rates to aid recovery

Governor Andrew Bailey says policy has mixed results but will stay in Bank’s ‘toolbox’Coronavirus – latest updatesSee all our coronavirus coverageAndrew Bailey has cooled expectations that the Bank of England will deploy negative interest rates in the immediate future, despite the sharp rise in coronavirus infections weighing on Britain’s economic recovery.Sounding the alarm over the growing risks to the economy, the Bank’s governor said the “ha…

4 years ago·London, United Kingdom

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Daily Express

Negative interest rates: Bank of England hints at measure being introduced

NEGATIVE interest rates in the UK are a tool which has never been deployed before, however, recent suggestions have led many to believe they could be introduced.

4 years ago·United Kingdom

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The Times

Negative Interest Rates Explained - Times Money Mentor

The Bank of England is considering introducing a negative interest rate for the first time. We explain what it means for your personal finances.

4 years ago·London, United Kingdom

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Bloomberg

BOE’s Bailey Plays Down Chance of Negative Rates on Virus Risks

The Bank of England isn’t close to negative interest rates despite the resurgence of the coronavirus reinforcing downside risks to the U.K. economy, according to Governor Andrew Bailey.

4 years ago·United States

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