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KPMG chief economist: Negative interest rates ‘unlikely’ but government support key

Negative interest rates are “unlikely” to come into force this year as the UK economy has proven to be more “resilient” than expected, says KPMG UK’s chief economist, Yael Selfin.

KPMG chief economist: Negative interest rates ‘unlikely’ but government support key
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There was speculation that negative rates could be introduced in May after a speech by Silvana Tenreyro, member of the Bank of England Monetary Policy Committee, suggested she would be open to the prospect of negative rates.

Read more at AccountancyAge.

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