Economics
BOE Isn’t Close to Implementing Negative Rates, Haldane Says
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The Bank of England stands in the City of London.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
One of the Bank of England’s key policy makers played down the possibility of an imminent cut in interest rates below zero, saying that “reviewing and doing are different things.”
Andy Haldane, the BOE’s chief economist who more than a week ago said officials were assessing negative rates, added Tuesday that policy makers weren’t ruling any options out “as a matter of principle.”