BOE’s Tenreyro Sees ‘Encouraging’ Evidence on Negative Rates

The Bank of England’s discussions on negative interest rates have been “encouraging,” according to policy maker Silvana Tenreyro, in a sign that the U.K. could yet follow peers such as the European Central Bank below zero.

“There has been almost full pass-through of negative rates into lending rates in most countries,” Tenreyro said in an interview with the Telegraph published late Saturday. “Banks adapted well.”