Comments from the BOE policymakers at the Treasury Committee

  • We think stress on banks has some way to go
  • We do not rule out anything for policy
  • Keeping lower bound under active review
  • Negative rates are under active review
  • Not ruling tools in or out, it's the time for active review
  • Negative rates quiet a nuanced policy in countries where they're implemented

The pound is under a bit of pressure on the negative rates comments.