Additional comments crossing the wires, via Reuters, as the Bank of England (BOE) Governor Andrew Bailey continues to speak at a webinar hosted by the British Chamber of Commerce on Tuesday.
Negative rates have been a mixed bag in other countries.
Negative rates would right puzzle public without clear communication.
Last week’s BOE statement on negative rates should be no surprise.
BOE needs to know how to implement negative rates, but should not read more into it.
BOE’s statement last week did not imply BOE would use negative rates.
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