No plan yet to use negative rates, says Bank of England
Britain’s central bank says it will keep the measure in reserve but will use it if necessary
06 August 2020 - 16:47
London — Britain’s central bank sees no immediate case to cut interest rates below zero, it said on Thursday as it warned the economy would take longer to recover from its Covid slump than it previously forecast.
Unemployment is likely to almost double by the end of this year, the Bank of England (BoE) said...
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