- BOE policymaker Ramsden: Debt, higher borrowing was a necessary response to the pandemic
Market news
7 August 2020
BOE policymaker Ramsden: Debt, higher borrowing was a necessary response to the pandemic
Yields in the gilt market are extraordinarily low
Trends over many years have pushed down rates
We are not actively planning for negative rates
We are using tried and test policies such as QE
Important to stress that negative rates are now in the toolbox
Financial structure is a key conditionality for negative rates
BOE can support the transition by keeping rates low
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