Economics
Bank of England Set to Take Steps Toward Tightening Monetary Policy
- Embrace of negative rates may allow bond sales sooner
- MPC’s latest decision due at 12 p.m. London time on Thursday
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The Bank of England may move a step closer to tightening monetary policy, showing a path toward unwinding almost 900 billion pounds ($1.2 trillion) government bond purchases while also opening the possibility that borrowing costs could be pushed below zero.