How Bank of England dropped clues that tightening may be next big idea - The Times

At first glance, nothing happened at this month’s Bank of England rate-setting meeting. On closer inspection, though, it may have been one of the most important monetary policy committee events in years.

The big issue was not the base rate, which remained at 0.1 per cent, or quantitative easing, unchanged at £895 billion, but the policy toolkit of the future.

In six months’ time, at the August meeting, negative rates will be a genuine policy option for the first time in Britain. High street lenders will be ready to pass them on, the Bank has said. A system of “reserves tiering” to offset some of the damage to bank profits by negative rates — Natwest says that a cut to -0.15 per cent would

Let's block ads! (Why?)

https://news.google.com/__i/rss/rd/articles/CBMic2h0dHBzOi8vd3d3LnRoZXRpbWVzLmNvLnVrL2FydGljbGUvaG93LWJhbmstb2YtZW5nbGFuZC1kcm9wcGVkLWNsdWVzLXRoYXQtdGlnaHRlbmluZy1tYXktYmUtbmV4dC1iaWctaWRlYS1yaHFuZHE5enTSAQA?oc=5

2021-02-05 09:00:00Z
52781350014777