May.21 — Former Bank of England Governor Mervyn King discusses the efficacy of negative rates as the U.K. and other nations implement economic stimulus measures to combat the fallout from the coronavirus pandemic. King, a Bloomberg Opinion columnist, speaks on “Bloomberg Surveillance.” His views are his own.
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.