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Bank of England asks banks how ready they are for sub-zero rates

The Bank of England asked banks on Monday how ready they are for zero or negative interest rates, following up its announcement last month that it was considering how to take rates below zero if necessary.

Bank of England asks banks how ready they are for sub-zero rates
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Other central banks have pushed rates into negative territory in an attempt to spur banks to lend more, and the BoE said in September it was looking into what such a policy might mean in Britain.

Read more at Reuters

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