British Lenders Brace for Negative Rates Floated by Central Bank
- Bank of England Governor says policy under consideration
- British lenders’ net interest margins already under pressure
The Bank of England stands in the City of London.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
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British banks are confronting the European import of sub-zero interest rates that could damage profits already weakened by the coronavirus pandemic as the Brexit divorce rumbles toward its rocky end.