FILE PHOTO: A man 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
The BoE and lenders had to understand the implications of any such moves “since the MPC may see fit to choose various options based on the situation at the time,” he said, referring to the central bank’s Monetary Policy Committee. The BoE set a deadline of Nov. 12 - a week after its next monetary policy announcement - for banks to respond.
British need a better leader than Boris Johnson. Print money won't fix the really problem.
So now they want to pay someone to kick them in the balls?
Im new to this. What is sub-zero rates? And who does it benefit?
They were already ready st 9.5/10--all they've to do is but $NQ! What more bankofengland wants to know!
Here comes the death of the middle class
Make a data market where we just print money
'On a scale of -1 to -10, how ready are you?'
For their clients who sell their data.
They should all just agree to provide universal basic income now
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Bank of England asks banks about readiness for negative ratesThe 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. 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. 🤨🤨🤨🤨🤨🤨🤨🤨🤨
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