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Podcast: Beyond Currency
Episode: 5 February 2021 - MPC sees fast improving economy as vaccination programme accelerates
Description: "Yesterday’s Bank of England MPC meeting was more positive about the recovery than it has been for some time. This allowed talk of negative interest rates to be slipped onto the back burner with little comment.
It has emerged that the Bank canvassed 160 lenders in the UK to understand the practicality of how negative rates would work in practice.
The operational difficulties for banks led the MPC to agree that it would provide the market with six months’ notice of such a move.
This appears rather curious in that it is fairly obvious that the economy is in an extr...