Bank of England Confirms Interest in Negative Rates

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Bank of England Confirms Interest in Negative Rates
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(hooly-news.com) – The British pound lost 0.45% to 1.1161 euros while gaining 0.14% to 1.2262 dollars. The Bank of England (BoE) has confirmed reflecting on negative rates to support the economy. The institution’s governor, Andrew Bailey, carefully studies the lessons to be learned from the adoption of negative interest rates by other central banks. In March the BoE cut its policy rate twice to 0.1%, its lowest level ever.

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