Bank of England looks harder at negative rates in case troubles deepen

Bank of England looks harder at negative rates in case troubles deepen

Negative bank rates means you will be charged to have money in your account.

The Bank of England said it was looking more closely at how it might cut interest rates below zero as Britain’s economy faces a triple whammy of rising COVID-19 cases, higher unemployment and a possible new Brexit shock.

Source: Bank of England looks harder at negative rates in case troubles deepen

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