BOE's Bailey: We do not rule out negative rates but are realistic about challenges

Author: Adam Button | Category: Central Banks

Comments from the BOE leader

  • The recovery has been uneven
  • Since May there has been quite a sharp and fast recovery
  • It would be a 'cardinal sin' if the BOE had a tool but did not know how to put it into effect
  • BOE is not out of ammunition, can use more QE or forward guidance
  • Critically important that BOE can use all its tools to support economy
Bailey is speaking in Belfast.

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