Negative interest rates could put an end to free banking, experts warn

Linda J. Dodson

Negative interest rates could spell the end of free banking, experts warned after the Bank of England gave its clearest indication yet that the controversial policy could be introduced. The Bank has written to UK lenders’ chief executives asking them to set out their readiness for negative rates, raising the prospect of an unprecedented move below zero as the recovery begins […]

Bank of England moves a step closer to negative rates

Linda J. Dodson

The Bank of England took another step towards controversial negative rates on Thursday amid rising Covid infections and a looming unemployment crisis. The Bank’s Monetary Policy Committee unanimously voted to hold interest rates at their record low 0.1pc and kept the scale of its money printing programme unchanged at £745bn. […]