Bank of England Moves Closer to Negative Interest Rates, Surveys Banks’ Readiness

Bank of England Moves Closer to Negative Interest Rates, Asks Banks if They Are ReadyThe Bank of England has moved closer to adopting a negative interest rate policy. The central bank has asked commercial banks in the U.K. to provide details of how ready they are to deal with negative interest rates, asserting that for the policy to be effective, commercial banks need to be ready to implement it. […]

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