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BoE's latest statement was no negative rate hint, Bailey says

Tue, 22nd Sep 2020 08:55

LONDON, Sept 22 (Reuters) - Governor Andrew Bailey said the
Bank of England's latest policy statement did not imply it would
necessarily use negative interest rates, and that observers
should not read too much into it.

Last week the BoE said it was looking at how it would
implement a negative policy rate effectively if it needed to at
some point in future.

"It doesn't imply anything about the possibility of us using
negative instruments," Bailey told an online talk hosted by the
British Chambers of Commerce.
(Reporting by Andy Bruce, editing by David Milliken)

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