Powered by

Bank of England, facing COVID slump, revives negative rates talk

May 18, 2020 - Reuters Canada

LONDON (Reuters) - A chorus of comments from top officials at the Bank of England about negative interest rates has revived talk that the British central bank might resort to cutting borrowing costs below zero to cushion the economy from the coronavirus shutdown.

FILE PHOTO: A street sweeper cleans outside the Bank of England as the spread of the coronavirus disease (COVID-19) continues, London, Britain, March 31, 2020. REUTERS/John Sibley/File Photo

The BoE has cut rates twice as ...