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BOE’s Bailey: Work on negative rates is ongoing

November 05, 2020 at 09:27AM

BOE’s Bailey: Work on negative rates is ongoing
Comments by BOE governor, Andrew Bailey
– The market puts certain probability on negative rates, we don’t read into that
– QE target not related to government funding needs
Bailey adds that they did not make any mention of negative rates today because "we have set out the work we are doing on them". In other words, he
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