“We will be in a world of low interest rates for a long time, so it is important to address the negative rate review“Bank of England monetary policymaker Silvana Tenreyro said in an interview with the Yorkshire Post on Wednesday.
Additional comments:
“The positive evidence related to the negative interest rate policy comes from Europe, where it has worked quite well“.
“It has led to lower interest rates and increases in loans; and the profitability of the banks actually increased. ”
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Credits: Forex Street
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