BoE looking at sub-zero rate lessons from other central banks -Bailey
Share:
LONDON (Reuters) - The Bank of England is looking carefully at the experience of other central banks with negative interest rates, but for the time being it wants to see how Britain's economy responds to rate cuts it has already made, Governor Andrew Bailey said.Bailey told lawmakers on Wednesday that while the BoE was not ruling out taking rates below zero for the first time, it was "not ruling it in" either."(We're) looking very carefully at the experiences of those other central banks that..