BoE's governor Bailey: Negative rates is not something we're contemplating

Market news

14 May 2020

BoE's governor Bailey: Negative rates is not something we're contemplating

But it's always wise not to rule anything out forever
It would require extensive communications exercise to pursue negative rates
It is a very big step, create problems for banks
Doesn't see evidence that there is going to be rapid rise in inflation

UK: Major downgrade to the GDP forecast – ABN Amro

EUR/USD: Below 1.0781/66 will mark a more important break lower – Credit Suisse

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