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The Bank of England admitted for the first time it’s considering negative interest rates, but analysts don’t believe it will follow throug...
"We do not rule things out as a matter of principle," Andrew Bailey, the Governor of the Bank of England, said on negative interest rates:
The UK sells negative-yield bonds for the first time — days after the Bank of England dismisses below-zero rates
Any change in the central bank's stance could boost the bonds' value. When interest rates fall, market yields follow and bond prices jump.
‘All crises leave scars’: One of Europe’s top economists said ‘dread risk’ from consumers could make coronavirus recessi...
Bank of England's chief economist Andy Haldane predicts higher savings by households and businesses could push the economy into a longer recession.
Bank of England warns the UK economy could contract by 30% in the first half as coronavirus hammers activity
The central bank refrained from announcing additional stimulus measures and kept interest rates at 0.1%.
"They have got to put their backs into it," the central bank's governor said on Friday.
UK’s biggest banks were hit with a warning to freeze their dividends during the Covid-19 uncertainty or face formal action
Shares of UK's largest banks fall after they suspended outstanding dividends and agreed to no payments until the end of 2020.
Bank of England cuts interest rates again in response to coronavirus and sends the pound soaring from 34-year low
The Bank of England has announced that it is cutting interest rates by a further 15bp taking the effective rate to 0.1%.
‘Drop in an ocean’: Bank of England’s emergency rate cut lifts European stocks, but coronavirus fears rattle global markets
"The Bank of England fired its big bazooka today, but it's really an appetizer for the main course later," one analyst said.
‘Shock and awe strategy’: Here’s what analysts are saying about the Bank of England’s emergency rate cut
"The coronavirus has initially hit supply chains and interest-rate cuts will not change that," one analyst said.
The announcement was made Wednesday morning, just over a week after the US Federal Reserve did the same.