5 Feb 2021 Negative Rates to be Implementable by August, but Undesirable

Samuel Tombs (UK Economist)4th Feb 2021 18:00U.K., Economic Monitor

Interest rate expectations increased yesterday, after the MPC signalled that it would not reduce Bank Rate below zero within the next six months and stood by its forecast for a swift rebound in GDP over the next year.

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asset purchases August bank rate BoE cash committee cpi downside risks easing February forecasts funds gdp households households spending inflation inflation forecasts interest rates June May monetary monetary policy mpc negative rates November ois ois rates policy q1 q3 q4 qe retail savings supply

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