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.