BoE Saunders: Effective lower bound interest rate a little below zero

<p>Michael Saunders talked about “Some Monetary Policy Options – If More Support Is Needed” in a speech. He said, “My judgment at present is that the ELB (effective lower bound) for the UK is probably a little below zero, provided appropriate mitigations (eg reserve tiering, bank funding scheme) are in place”. Though, there is “considerable […]</p>
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