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BOE’s Bailey: Negative rates are in the toolbox, but that is not the current plan

August 06, 2020 at 10:00AM

BOE’s Bailey: Negative rates are in the toolbox, but that is not the current plan
Comments by BOE governor, Andrew Bailey
– We are not taking a strong signal from the recovery so far for what happens next
– We could do more QE, new forms of forward guidance
Bailey is making a firm plea to markets not to price in the possibility for negative rates just yet but his remarks on the
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