BOE’S CUNLIFFE CONFIRMS NEGATIVE UK RATES REMAIN UNDER CONSIDERATION
By Laurie Laird LONDON (MaceNews) – The Bank of England is still considering the efficacy of sub-zero interest rates as it battles the economic shock of the coronavirus, a leading member of the bank’s rate-setting body said Tuesday. “Negative interest rates is one possible tool to support demand going forward,” said Sir Jon Cunliffe, deputy […]
ECB’S SCHNABEL DOWNPLAYS NEAR-TERM EUROZONE INTEREST RATE CUT
— Sheds Little Light on Bank’s Emergency Asset Purchase Allocation By Laurie Laird LONDON (MaceNews) – The European Central Bank does not believe the stricken eurozone economy now requires further interest rate cuts, a member of the bank’s rate-setting body said Tuesday. “Currently, we consider asset purchases to be a more effective and efficient tool” […]