British Pound: How and Why Negative Interest Rates Could Still Work At the Bank of England

British Pound: How and Why Negative Interest Rates Could Still Work At the Bank of England

From poundsterlinglive.com

Negative interest rates are unlikely at the Bank of England (BoE) if the latest remarks from Governor Andrew Bailey and Pound Sterling's response to them are anything to go by, although the matter is not decisively settled and at least some derivation of the controversial policy could yet be implemented. Sterling was vying for the top spot among major currencies for the week on Wednesday, with gains arising mostly after BoE Governor Bailey told the Scottish Chambers of Commerce on Tuesday that there's "lots of issues" with using negative interest rates as a policy tool. This was after Sylvana Tenreyro, an external ... (full story)

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