Gone to a better place
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BoE Gov. Bailey: We think the stress on banks has some way to go
BOE GOV. BAILEY: WE THINK THE STRESS ON BANKS HAS SOME WAY TO GO.
— Breaking Market News (@financialjuice) May 20, 2020
Added at 9:52am
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BOE GOV. BAILEY: WE ARE VERY KEEN TO OBSERVE HOW THE ECONOMY HAS RESPONDED TO CUTS WE HAVE MADE - ON NEGATIVE RATES.
— Breaking Market News (@financialjuice) May 20, 2020
Added at 9:52am
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BOE GOV. BAILEY: THE STRUCTURE OF THE FINANCIAL SYSTEMS IN COUNTRIES WITH NEGATIVE RATES IS IMPORTANT - ON NEGATIVE RATES.
— Breaking Market News (@financialjuice) May 20, 2020
Added at 9:53am
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BOE GOV. BAILEY: WE MAY HAVE TO ACT RAPIDLY, HAVING TOOLS UNDER REVIEW TO DO THAT IS IMPORTANT.
— Breaking Market News (@financialjuice) May 20, 2020
Added at 9:54am
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ON NEGATIVE RATES, BOE'S BAILEY SAYS IN COUNTRIES THAT HAVE USED THEM, IT'S QUITE A NUANCED POLICY TOOL
— RedboxGlobal (@RedboxWire) May 20, 2020
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The elites think we are stupid. They are in the main quite correct.