Fri, Jul 30, 2021 @ 02:00 GMT
HomeLive CommentsBoE Haldane: Not reached a view remotely yet on using negative rates

BoE Haldane: Not reached a view remotely yet on using negative rates

BoE Chief Economist Andy Haldane said the central banks is only in the “review phase” regarding negative interest rates. And they don’t rule out any options “as a matter of principle”. He emphasized that “to be clear, reviewing and doing are different things and currently we are in the review phase and have not reached a view remotely yet on the doing.”

On the economy, he said that incoming data were “a shade better” than projected. “This is perhaps still a V but perhaps a fairly lop-sided V” recovery, he said. “The risks to that probably…lie to the downside rather than the up and as I say, a rather more protracted recovery even than the one that I have mentioned.”

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