BOE’s Bailey Says Now Is the Time to Review How Low Rates Can Go

May.20 — The Bank of England is keeping the lower bound for interest rates under active review amid the coronavirus crisis and isn’t excluding the idea of taking borrowing costs below zero, according to Governor Andrew Bailey.


In This Story: Bank of England

The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government’s banker, and still one of the bankers for the Government of the United Kingdom, it is the world’s eighth-oldest bank.

4 Recent Items: Bank of England

Will the Bank of England Cut Rates in 2024?

Will the bank of england cut rates in 2024? 2

Will the Bank of England Cut Rates in 2024?

Halligan BLASTS Bank of England and predicts FALL in interest rates

Bank of England’s Andrew Bailey answers questions on financial stability report – watch live

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.