The Bank of England vs the banks of England – Negative Interest Rates
This article is from the Fortune and Freedom newsletter.
On 28 September, economists at the US central bank published some important research. It concluded that imposing negative interest rates is a bad idea.
Sure enough, two weeks later, the Bank of England asked our banks whether they’re prepared for negative interest rates…
But what are negative interest rates? Are they really coming to the UK? And what do they mean for you?
That’s what we’ll tackle today. Start to, anyway.
Negative interest rates may seem bizarre or impossible. But, when central bankers are involved, the bizarre becomes a lot more possible.… Click here to continue reading this article