- Bank of England Monetary Policy Committee member Gertjan Vlieghe: the BOE’s interest rate could be theoretically negative
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22 April 2016
Bank of England Monetary Policy Committee member Gertjan Vlieghe: the BOE’s interest rate could be theoretically negative
Bank of England (BoE) Monetary Policy Committee (MPC) member Gertjan Vlieghe said in an interview with the Evening Standard on Friday that the BOE's interest rate could be theoretically negative.
"Theoretically, I think interest rates could go a little bit negative," he said.
He added that the central bank had to think carefully about benefits and costs of negative rates.
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