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Are Negative Interest Rates Coming?

Author: Corey McDowell - Economics Editor

Published: 18 May 2020

Last Updated: 19 May 2020

Contents

Synopsis

The chief economist at the Bank of England, Andrew Haldane, has suggested that negative interest rates could be used as part of an emergency package to address the economic effects caused by the UK shutdown. Theoretically, this is a way to spur economic activity, as it would encourage deposit holders to spend rather than save.

Credit: Bank of England, CC BY-ND 2.0

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