• Bank of England eyes subzero rates in face of virus, Brexit

    12 days ago - By Stl Today

    LONDON - The Bank of England indicated Thursday that it could cut interest rates below zero for the first time in its 326-year history as it tries to shore up a U.K. economic recovery that is facing the dual...
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  • The Bank of England warns of an 'unusually uncertain' outlook, and policymakers are keeping negative interest rates on the table

    The Bank of England warns of an 'unusually uncertain' outlook, and policymakers are keeping negative interest rates on the table

    12 days ago - By Business Insider

    Summary List Placement
    The Bank of England warned of an "unusually uncertain" outlook for the UK economy, and policymakers said they would explore how negative rates could be implemented effectively.
    Rates remained unchanged near zero, as officials said they would continue to monitor the situation closely, and would not tighten monetary policy until inflation is on track to meet its 2% target.
    The bank said it would continue to work through its £745 billion bond-buying program.
    Policymakers suggested exploring negative rates later this year through "structured engagement" with the...
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  • Bank of England says economic outlook 'unusually uncertain'

    Bank of England says economic outlook 'unusually uncertain'

    12 days ago - By Chron

    LONDON - The Bank of England kept its main interest rate unchanged at the record low of 0.1% on Thursday as it waits to see how the economy recovers from recession and what Britain's future trade relationship with the European Union will be.
    The bank, which sets policy for the U.K. as a whole, said the outlook for the economy “remains unusually uncertain,” while noting that recent domestic economic data have been a little stronger than expected at the time of its last policymaking meeting in early August.
    In a statement accompanying the interest rate decision, the bank's rate-setting...
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