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- BoE's chief economist Haldane: None of the conditions for negative rates have been satisfied
BoE's chief economist Haldane: None of the conditions for negative rates have been satisfied
- Any decision on negative rates would depend on cost-benefit analysis
- Work on negative rates likely to take months
- Commentators have interpreted the start of work on negative rates as conveying signal about likelihood of introducing them in near-term; BoE minutes contained no such signal
- BoE committed to keep borrowing costs at extraordinary low levels
- Economy has recovered faster than anyone expected
- Positive news have received less attention than it deserves
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