UK Telegraph (via Reuters) says the BoE is considering dropping the cash rate to negative from the current 0.1%
Trying to locate more detail.
OK ... updating with this, there really is not any further detail re that headline:
- Interest rates are already at a rock-bottom 0.1 per cent but the Bank is said to be considering a controversial move into negative rates as a winter chill descends on the economy.
Tele link (may be gated)
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The Bank of England Monetary Policy Committee (MPC) meeting is today (Thursday 05 November 2020)
more to come