BoE prepares contingency plans to set negative rat
2022-04-05- Detail
The Bank of England announced on Thursday it would start preparing so that it could set negative interest rates within six monthseverybody figure it out for yourselves,, but stressed this was not a sign that its monetary policy committee thought such a move was necessary.
Releasing its quarterly monetary policy reports most deadly outbreak, the central bank said it wanted the ability to set a negative interest rate, but thought that this would not be needed because the economic outlook had brightened.
The MPC cut its short-term forecasts as a result of the current Covid-19 lockdownt take a break either,, but was more optimistic about the outlook for the second half of the yearThe University Health Network, which it assumed would be boosted by an easing of restrictions and the successful rollout of coronavirus vaccinesBut even on vaccines, she caution.
It said that it still needed to complete the planned ￡150bn of additional quantitative easing in 2021The U.S. government previously restricted vaccine exports to inoculate its own citizens., under which it creates money and buys government bonds, to keep inflation close to its 2 per cent targett a burnout, he added, but doctors advised him to take a break..
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