{"id":32205,"date":"2020-08-04T20:39:46","date_gmt":"2020-08-04T16:39:46","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=32205"},"modified":"2020-08-04T22:11:36","modified_gmt":"2020-08-04T18:11:36","slug":"boe-expected-to-cut-main-rate-to-0-with-negative-rates-possible","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/boe-expected-to-cut-main-rate-to-0-with-negative-rates-possible\/08\/04\/market-updates\/","title":{"rendered":"BoE Expected to Cut Main Rate to 0% with Negative Rates Possible"},"content":{"rendered":"\n<p>The Bank of England (BoE) is expected to reduce its key interest rate to 0% in November, as per a recent research report by the Bank of America, Bloomberg reported.<\/p>\n\n\n\n<p>The BoE plans a GBP 100 billion ($131 billion) extension to its asset purchase program until mid-2021.<\/p>\n\n\n\n<p>In addition, the central bank aims at supporting businesses against the impacts of the COVID-19 crisis.<\/p>\n\n\n\n<p>\u201cThe BOE has, in our view, no monetary ammunition left if it believes the lower bound for bank rate is the current 0.1%,\u201d the report said.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cDownside economic risks lie ahead. With few options left we see the probability of the BOE cutting bank rate negative next year approaching 50%.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of England (BoE) is expected to reduce its key interest rate to 0% in November, as per a recent research report by the Bank of America, Bloomberg reported. The BoE plans a GBP 100 billion ($131 billion) extension to its asset purchase program until mid-2021. In addition, the central bank aims at supporting &hellip;<\/p>\n","protected":false},"author":10,"featured_media":32206,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6967],"class_list":["post-32205","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-boe"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=32205"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32205\/revisions"}],"predecessor-version":[{"id":32210,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32205\/revisions\/32210"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32206"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=32205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=32205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=32205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}