FOREX TradingCharts.com

Financial News: BoE's Broadbent Says Negative Rates Possible After Conside

BoE's Broadbent Says Negative Rates Possible After Considering Risks

05/12/2020 - 06:20:00 (RTTNews)

(RTTNews) - Bank of England is likely to consider more monetary easing in future after weighing the side-effects of negative interest rates, to help the UK economy recover from the historic shock dealt by the coronavirus, or Covid-19, pandemic, Deputy Governor Ben Broadbent said Tuesday.

The Monetary Policy Committee is "certainly prepared to do what is necessary" despite downside risks, Broadbent told CNBC in an interview. The policymaker said it is possible that more monetary easing will be needed in future, and the central bank will need to take a balanced view regarding the tools at its disposal. Earlier this month, the Bank of England maintained its key interest rate at a record low and refrained from unveiling additional quantitative easing as the economic outlook remained highly uncertain.

The MPC voted 7-2 to continue with the quantitative easing of GBP 645 billion. Jonathan Haskel and Michael Saunders sought an increase in the target for the stock of asset purchases by an additional GBP 100 billion.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


European Economics Preview: Eurozone Economic Confidence Data Due (30 min(s), 24 sec(s) ago)
(RTTNews) - Economic sentiment from euro area and preliminary inflation from Germany are due on Th ...Full Story»

Korea Rate Decision On Tap For Thursday (59 min(s), 36 sec(s) ago)
(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announ ...Full Story»

Slovenia Retail Sales Fall At Slower Pace (18 min(s), 36 sec(s) ago)
(RTTNews) - Slovenia's retail sales declined at a slower pace in April, data from the Statisti ...Full Story»

Malta Producer Prices Rise In April (19 min(s), 36 sec(s) ago)
(RTTNews) - Malta's producer prices rose in April after falling in the previous month, data fr ...Full Story»

Sweden Producer Prices Decline Slows In April (40 min(s), 36 sec(s) ago)
(RTTNews) - Sweden's producer price declined at a softer pace in April, figures from Statistic ...Full Story»

Lithuania Retail Sales Decline In April (39 min(s), 36 sec(s) ago)
(RTTNews) - Lithuania's retail sales declined at a faster rate in April amid government measur ...Full Story»

Hungary Jobless Rate Rises In April (39 min(s), 36 sec(s) ago)
(RTTNews) - Hungary's jobless rate rose during the February to April period, data from the Hun ...Full Story»

Eurozone Likely To Contract 8-12% In 2020, ECB Chief Says (04 min(s), 36 sec(s) ago)
(RTTNews) - European Central Bank President Christine Lagarde said the euro area economy is likely ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

European Economics Preview: Eurozone Economic Confidence Data Due

05/28/2020 - 00:30 AM (RTTNews)
(RTTNews) - Economic sentiment from euro area and preliminary inflation from Germany are due on Th ...Full Story>>

Korea Rate Decision On Tap For Thursday

05/27/2020 - 18:00 PM (RTTNews)
(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announ ...Full Story>>

Malta Producer Prices Rise In April

05/27/2020 - 07:20 AM (RTTNews)
(RTTNews) - Malta's producer prices rose in April after falling in the previous month, data fr ...Full Story>>

Slovenia Retail Sales Fall At Slower Pace

05/27/2020 - 07:19 AM (RTTNews)
(RTTNews) - Slovenia's retail sales declined at a slower pace in April, data from the Statisti ...Full Story>>

Sweden Producer Prices Decline Slows In April

05/27/2020 - 06:41 AM (RTTNews)
(RTTNews) - Sweden's producer price declined at a softer pace in April, figures from Statistic ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.