The U.K. may be headed toward negative interest rates at impending Bank of England monetary policy meetings, according to Deputy Governor for Monetary Policy Ben Broadbent.
last Thursday, having cut rates twice from 0.75% since the start of the coronavirus pandemic.
"The committee are certainly prepared to do what is necessary to meet our remit with risks still to the downside," Broadbent told CNBC on Tuesday.Along with the two previous rate cuts, the Bank has also announced £200 billion of new quantitative easing, bringing its bond buying program to a total of £645 billion.
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