Beyond Currency

9 November 2020 - Banks asked to weigh up effect of negative rates


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"It is becoming more and more likely that the Bank of England will cut interest rates in the coming weeks and take them into negative territory for the first time.
Bank of England Governor Andrew Bailey has been canvassing the opinion of the banks, who essentially, control the practicalities of the money market, for their views on what the effect will be on their business. Once that review is complete, the MPC will decide.
Having already added a further £150 billion to its bond purchases, it is clear that the Treasury and Central Bank are working in unison to ensure that the country is prepared financially for whatever happens following the current lockdown.
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Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
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