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Bank of England member: “Not at a point yet where we can reach a conclusion on negative interest rates”

20 Oct 2020 11:27 AM
A member of Monetary Policy Committee in the Bank of England, Vlieghe, voiced some cautious support for negative interest rates when he stated that more expansionary measures may be taken into account in the coming period due to the risks resulting from the Covid-19 virus outbreak and the increased number of infections.
This comes at a time when the Bank of England almost doubled the size of the asset purchase program to 745 billion pounds (966 billion dollars) since the start of the pandemic with expectations indicating that the bank will increase the size of the program at its meeting in November by another 100 billion pounds.

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