RE: UK lenders...19 Oct 2020 20:33
Negative rates won't work, warns Mervyn King. The former Bank of England Governor says pushing interest rates below zero will not have a 'significant impact' on the economy
Andrew Bailey, the current Governor, said yesterday that negative rates work best in a “nascent” economic upturn as he warned the risks to the UK are “very heavily skewed towards the downside”.
He said: “As we get near to zero and even contemplate going below zero, the effectiveness of policy in its transmission becomes much more conditional."
So probably not happening. Computer says no (because it can't cope with minus values).