Bank of England chief economist tentatively discusses negative interest rates

Bank of England chief economist tentatively discusses negative interest rates

10:27 AM, 19th May 2020, About 2 years ago 16

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Andy Haldane, the Bank of England’s chief economist, has told the Sunday Telegraph that negative interest rates could be considered in an effort to combat economic effects of the coronavirus lockdown measures.

Haldane indicated the Bank of England is currently reviewing a number of monetary options it could take in its response to the global pandemic. These also including expanding the scope of the bank’s asset purchase quantitative easing plan to include riskier securities, but this would unlikely be implemented imminently. However, it could be looked at with greater immediacy due to the weakening position of the UK economy.

Haldane told Bloomber: “You mention negative rates, but there are other options beyond that, or alongside that, that we’re looking at as well.”

“With QE there is more we can do there on the gilt side and the corporate bond side in principle as we’ve found from other central banks, you could purchase assets further down the risk spectrum. I don’t want to imply we’re poised on any of those but we have over a number of years been reviewing all of our options for more, if more is needed.”

The Governor of the Bank of England, Andrew Bailey, remains sceptical of negative interest rates due to their poor recent results in other countries and that it could undermine the central bank’s ability to influence borrowing costs across the economy.


by Question Everything

18:31 PM, 21st May 2020, About 2 years ago

It's effectively organised crime by those who promote themselves the benefactors of society. The narrative is introduced because it is probably going to happen, so you need to take heed of the notice period.

Get your savings out of reach of them, there are now places you can put your money and get 8% interest from where they can't get to it. If you want to know where and how, reply here. They are not the established institutions, but you have to make a choice on who you trust the least, and my money is not on the UK domestic banks.

You can easily see by continuing with the ConVid propaganda and scape-goating that they are completely insincere. Why have 24 Pensions firms failed this year? 6 Last year but only in the second half, before that very few. Why is 24 failed pension firms in 5 months not mainstream news?!

Convid did not crash the economy, it is a scapegoat for an economic meltdown, plus a whole other benefits they can rig out of it. Stop believing the hype, look at the turnaround they are now doing because they lack evidence for their Plandemic and can't hold back the questions. They will let you down gently so you don't notice, but the damage has been done and we are now used to waiting in line for the supermarket so there will be no rebellion when people discover they don't have jobs to go back to.

Property has a long way to fall from here, no point having a "war chest" if they lock your accounts and charge you negative interest. "couldn't happen here" you say? I hope I am wrong.

by moneymanager

10:24 AM, 23rd May 2020, About 2 years ago

Reply to the comment left by Question Everything at 21/05/2020 - 18:31
"Effectively" organised crime, just delet the "ly" on the end of that and you are right. 118 is probably not the best platform for this but in reallity EVERY channel of communication should be used because what we are facing here is an existential threat of very ancient origins but we can look to more recent times, we are told that Bolshevism destroyed capitalism in Russia, no it didn't, it changed the OWNERS of that capital (I only learned yesterday that of the 366 senior Bolsheviks only 16 of them were real Russians, no fewer than 266, including Trotsky himself had only recently arrived from the Lower East Side of New York City! and where were they funded from? This is a continuation, ramping up of the massive theft of private wealth through ultra low interest rates being paid on savings but still sky high rates being charged on debt. And look at the debt, unwanted and uneeded being foisted onto both government (for which we pay both directly and through inflation), corporations and the individual for which we pay again, it's Greece on steroids and for what, a "Faucci" and cabal inspired "infection" and a lot of propaganda?

by Piyush Patel

22:11 PM, 23rd May 2020, About 2 years ago

What does the implications mean for those who are in tracker base rates?

by Question Everything

23:27 PM, 23rd May 2020, About 2 years ago

Reply to the comment left by Piyush Patel at 23/05/2020 - 22:11
Don't hold your breath, this is all about bailing out the banks. The spread between what they borrow for and what they lend for is their profit. The .gov will allow them to do whatever they want to bleed the money from you.

by Question Everything

23:48 PM, 23rd May 2020, About 2 years ago

Reply to the comment left by moneymanager at 23/05/2020 - 10:24
I agree that every channel available should be used to explain the robbery that has been going on for, at least 100years. The people who are on this site are the demographic that has most to lose and so they should take notice.

Tell me this, if the US Fed Reserve is shovelling trillions in to Wall St, while tens of Millions are losing jobs, while they put pennies in to small business relief, while the world economy is at a stand-still, while the stocks continue to rise, where is the reality?

Thank you for mentioning Faucci, names like Judy Mikovitz (a good-guy) should also be made known. People also need to know that a mate of Faucci's is Bill Gates. People also need to know that Yotube are taking down videos on mass to keep a lid on it all.

What does that have to do with negative rates? Everything, they are part of the same club who are lying to you, just a different branch.

Make sure you have plenty of equity in your properties, sell now if not, get into hard assets and prepare for the plunge of property prices and inflation of basic needs. Not financial advice. LOL

Expect an increase in property regulations, but a decrease on banking regulations. Expect a further decrease in your civil liberties and an increase in the police state. Funny, all of this has already happened..........

by Paul Shears

0:07 AM, 24th May 2020, About 2 years ago

Fractional Reserve Banking.

by Question Everything

13:43 PM, 24th May 2020, About 2 years ago

Reply to the comment left by Paul Shears at 24/05/2020 - 00:07
Yes, but worse, it is fractional reserve on no asset base. So it is an exploitation of the exploitation.

by Kathy Evans

9:42 AM, 27th May 2020, About 2 years ago

Reply to the comment left by Question Everything at 23/05/2020 - 23:48
But what to do if all your properties are already in negative equity and have been since the last "recession"?

by Kathy Evans

9:43 AM, 27th May 2020, About 2 years ago

Reply to the comment left by Question Everything at 21/05/2020 - 18:31
I wish I knew where.

by Question Everything

10:13 AM, 28th May 2020, About 2 years ago

Reply to the comment left by Kathy Evans at 27/05/2020 - 09:43
You wish you knew where to get the 8% savings interest?

With regards to your negative equity, maybe just hold until can no longer, but it depends on how negative. It depends on too many factors for an anonymous forum chat.

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