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

The 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. Bank of England Engages Commercial Banks on Negative Interest Rates The Bank of England has asked commercial banks how ready they are to implement negative interest rates. This followed

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