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Podcast: Beyond Currency
Episode: 9 November 2020 - Banks asked to weigh up effect of negative rates
Description: "It is becoming more and more likely that the Bank of England will cut interest rates in the coming weeks and take them into negative territory for the first time.
Bank of England Governor Andrew Bailey has been canvassing the opinion of the banks, who essentially, control the practicalities of the money market, for their views on what the effect will be on their business. Once that review is complete, the MPC will decide.
Having already added a further £150 billion to its bond purchases, it is clear that the Treasury and Central Bank are working in unison to ensure that t...