Bank of England asks banks how ready they are for sub-zero rates
Investors expect negative rates in May 2021
12 October 2020 - 20:52
The Bank of England (BoE) asked banks on Monday how ready they are for zero or negative interest rates, after its announcement in September that it was considering how to take rates below zero if necessary.
Other central banks have pushed rates into negative territory in an attempt to spur banks to lend more, and the BoE said in September it was looking into what such a policy might mean in Britain...
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