Economics
Negative Rates Aren’t a Near-Term Reality for BOE, Hauser Says
A pedestrian walks past a reflection of the Bank of England in London.
Photographer: Simon Dawson/Bloomberg
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Negative interest rates don’t appear to be a near-term prospect in the U.K., according to Bank of England Executive Director for Markets Andrew Hauser.
“It’s not a near-term reality, I don’t think,” Hauser said in a webinar event with Bloomberg on Thursday. “There’s practical challenges of doing it, even if you thought it was the right thing to do, it’s not going to happen in the near-term.”