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Podcast: Beyond Currency
Episode: 22 February 2021 - Negative rates still a possibility
Description: "In spite of the high degree of confidence being delivered by the undoubted success of the Government’s vaccination programme, independent members of the Bank of England’s Monetary Policy Committee still believe that negative rates will be necessary later in the year.
There is a clear fracture between the independent members of the committee and the Bank of England’s Officials. It is widely expected that the UK will see a tsunami of demand in the first one or two quarters following the loosening of lockdown measures, but it is once the euphoria has died down that the concerns begin...