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Home negative interest
Bank of England says banks will need six months to prepare for negative rates

Bank of England says banks will need six months to prepare for negative rates

Posted By: Editorial Teamon: February 04, 2021In: NEWSNo Comments

LONDON — The Bank of England said Thursday British banks will need at least six months to prepare for a shift into negative interest rates. The BOE asked British banks in October about their preparedness for negative interest rates, having revealed in September that it was exploring the possibility of taking rates below zero if necessary. […] Read more

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