Negative rates could help the UK complete the economic recovery, Bank of England (BoE) officials Gertjan Vlieghe said on Friday, according to Reuters.
Vlieghe further argued that any rate cut must be more than 10 basis points to work, adding that a combination of quantitative easing and rate cuts would be best if markets remain stable. The current rate is 0.1%. On Thursday the BoE decided to leave monetary policy unchanged.
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