BOE's Vlieghe: Negative rates could help UK complete recovery
Now that's a first
– UK must deal with Brexit, whether deal or no-deal
– Any rate cut must be more than 10 bps to work
– Risk that negative rates are counterproductive is low
This may just be Vlieghe's own opinion but the hard selling here is hard to ignore. The BOE is primed to ease policy further,
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