Loan Digest

Bank of England asks banks about readiness for negative rates

  • 📰 Reuters
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The Bank of England asked banks on Monday for information about their readiness for the possibility of zero or negative interest rates, following up on its announcement last month that it was considering how to take rates below zero if needed.

“As part of this work, we are requesting specific information about your firm’s current readiness to deal with a zero Bank Rate, a negative Bank Rate, or a tiered system

of reserves remuneration – and the steps that you would need to take to prepare for the implementation of these,” Deputy BoE Governor Sam Woods said in a letter to banks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Bitcoin way forward.

Buy bitcoin

PRAYER TOWER 6

buy bitcoin

Lololololol. Sooooo buy bitcoin

Even a blind person could see they are preparing for no deal. Ianblackford_MP

theonevortex Bitcoin solves this

If only there was a finite limited supply, free Market hard currency that governments couldn’t print more of to debase and steal from their populations. BTC

I would like to borrow 10 billion please, interest only.

This image though, how angry does it make you?! white balding male clasping a starbucks latte while wearing pink dress shirt and a face mask. This is literally all that is wrong with the world in one image.

Bullish for crypto indeed!

Buy bitcoin?

cointradernik BTC

cointradernik BUY BITCOIN

bankofengland boe_research I predict a riot. I predict a riot. On your heads be it.

The utter folly of negative rates. Brain dead beyond belief.

pmullr

😖😖😖

Time to get out of Fiat, and into Ethereum and Bitcoin?

3 yrs I have said this......... The Great Reset of sovereign debt negative interest rates

sh*t...

Sales of wheelbarrows will rise ££££ 🏃‍♂️🏃‍♂️

why the muzzle on the guy? that has nothing to do with your news item.

London is ready

ProfSteveKeen thoughts on this? Disappointing, I thought BoE was supposed to be one of the Central Banks who actually had a clue.

🤨🤨🤨🤨🤨🤨🤨🤨🤨

Why don't they simply make the rates positive? Here: i rate it 5/5, problem solved, mate.

If you had said this last year you would of been branded a conspiracy theorist, people are actually going to be charged money to let the banks hold their money, insanity, the wealth with simply be moved overnight.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BMO Harris review: A solid brick-and-mortar bank with competitive interest rates on CDs - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

JPMorgan and 5 Other Big Banks Report Earnings Next Week. Here’s What to Expect.Earnings are expected to drop compared with last year’s as banks contend with a sluggish, but improving, economy, and low interest rates continue to weigh on...
Source: MarketWatch - 🏆 3. / 97 Read more »