BoE says negative rates ‘in toolbox’ and forecasts slow recovery

Bank of England blue sky
The Bank of England

Bank of England governor Andrew Bailey has given his first concrete statement that the central bank is willing to use negative interest rates.

The BoE unveiled its latest monetary policy decision today (August 6), projecting a long and slow recovery for the UK from the Covid-19 shock.

“It is absolutely sensible for us to have them in the toolbox, but we’re not planning to use them at the moment,” Bailey told a press conference as he presented the results of the latest monetary policy and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: