Bailey: BoE’s Latest Statement Was no Negative Rate Hint

Governor Andrew Bailey said the Bank of England’s latest policy statement did not imply it would necessarily use negative interest rates, and that observers should not read too much into it.

“It doesn’t imply anything about the possibility of us using negative instruments,” Bailey told an online talk hosted by the British Chambers of Commerce.

Quotes via Reuters

“Last week’s BOE statement on negative rates should be no surprise.”
“Negative rates have been a mixed bag in other countries.”
“Negative rates would right puzzle public without clear communication.”
“BOE needs to know how to implement negative rates, but should not read more into it.”
“BOE’s statement last week did not imply BOE would use negative rates.”