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Bank of England, facing COVID slump, revives negative rates talk

FILE PHOTO: The coronavirus disease (COVID-19) spread in London
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LONDON (Reuters) - A chorus of comments from top officials at the Bank of England about negative interest rates has revived talk that the British central bank might resort to cutting borrowing costs below zero to cushion the economy from the coronavirus shutdown.The BoE has cut rates twice as the COVID-19 crisis escalated in March to a record low of 0.1%.Most economists say its next move will be..
Date Published: May 18, 2020
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