https://www.reuters.com/article/us-health-coronavirus-britain-boe-idUSKBN246023

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FILE PHOTO: Bank of England Governor Andrew Bailey poses for a photograph on the first day of his new role at the Central Bank in London, Britain March 16, 2020. Tolga Akmen/Pool via REUTERS. (Reuters) - Bank of England (BoE) Governor Andrew Bailey has written a letter to lenders warning them of the challenges of negative interest rates, the Sunday Times newspaper reported. The letter said that negative rates were "one of the potential tools under active review" if the monetary policy committee decided that "more stimulus" was needed to hit the BoE's 2% inflation target, the newspaper reported bit.ly/38tyTq7. It didn't disclose how it gained knowledge of the letter's content. The report sa... Full story

5 July

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