Assessing the Virtues of Negative Interest Rates
Early this year, the Bank of England (BoE) was reported to have instructed banks to prepare for negative interest rates within six months. The BoE purportedly did so as part of its plans for a monetary stimulus to resuscitate the UK economy ravaged by the Covid-19 pandemic. Economists have since been divided on whether driving the BoE’s base rate from the already ultra-low 0.1% to … Continue reading Assessing the Virtues of Negative Interest Rates
