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MNI BRIEF: BOE To Publish Negative Rates Consultation Feb

(MNI) London

The Bank of England will publish detailed results of its consultation with banks and building societies on the practicality of implementing negative rates on Feb. 4 in its Monetary Policy Report, Sam Woods, BOE deputy governor for prudential regulation. said.

The consultation has received some 160 responses and the broad message was that implementing negative rates was "rather less straightforward to do it for retail customers than it is for wholesale or corporate," Woods said.

MNI London Bureau | +44 203-586-2223 | david.robinson@marketnews.com
MNI London Bureau | +44 203-586-2223 | david.robinson@marketnews.com

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