While responding to a question about negative interest rates, Bank of England policymaker Michael Saunders said he doesn’t have anything to add beyond what Governor Andrew Bailey told parliament last week. “I would not rule out negative rates, that does not mean I would necessarily rule it in,” Saunders added. “It’s possible that gilt yields would not fall much below the BoE bank rate with more QE, but it’s still worth doing.” Saunders further noted that the neutral rate has fallen by more than a few basis points and was now below 2.25%. Market reaction The GBP/USD pair, which fell sharply at the beginning of Saunders’ speech, was last seen flat on the day at 1.2250. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/INR: Rupee to suffer in the short-term, peaking in Q3 – ANZ FX Street 3 years While responding to a question about negative interest rates, Bank of England policymaker Michael Saunders said he doesn't have anything to add beyond what Governor Andrew Bailey told parliament last week. "I would not rule out negative rates, that does not mean I would necessarily rule it in," Saunders added. "It's possible that gilt yields would not fall much below the BoE bank rate with more QE, but it's still worth doing." Saunders further noted that the neutral rate has fallen by more than a few basis points and was now below 2.25%. Market reaction The GBP/USD pair, which fell… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
