Bank of England looks harder at negative rates in case troubles deepen

LONDON - .

Governor Andrew Bailey and some of his colleagues have previously said that they were looking at the pros and cons of following the lead of other central banks, including those in the euro zone and Japan, and taking rates negative. Economists at Morgan Stanley said they still expected the BoE’s next move to be an increase in the size of its bond-buying programme - which already stands at nearly $1 trillion - in November.CLOUDS GATHERING

FILE PHOTO: A worker wearing a protective face mask walks past the Bank of England in the City of London, Britain, August 6, 2020. REUTERS/Toby Melville/File Photo

tekmann_ali

BorisJohnson 🤔 you should just call it a day And just ask bank of England 2edit and create new money £666trillion like they have done,100 times be4 as seen on bbc news and just set up one basic living wage like other member countries am doing around the world who cares anyway

I don't think this sounds good. It means that future money will be worth less than current money. Any £'s your holding onto have better be changed into something else (Euro's?). The exchange rate should fall. But what do I know, I'm just a cat.

'below zero'!?!?!?!?

The economy is going to fail you in one way or another. Leave this system and discover a whole new world!

It's a called a depression. All banks need to be put in moritorium. Freeze it all or ur going to lose it all. This is a depression. Ur literally trying to resuscitate a dead guy with CPR and were watching just with our mouths wide open in disbelief that we trusted capitalism.

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