Article preview: In a surprise to nobody, the Bank of England has kept interest rates on hold at 0.1% this month. Announcing the decision, the Bank’s Monetary Policy Committee also provided some interesting commentary about the likely future direction of interest rates. Looking ahead to next year, the MPC could take the Bank Rate below zero for the first time, as policymakers admitted they are preparing to support the economy with lower costs of borrowing.
Interest rates on hold, as speculation grows around negative interest rates
This 348-word blog post looks at the latest Bank of England Monetary Policy Committee interest rate decision along with speculation about negative interest rates next year. Written on 18th September 2020.
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