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What do I need to know about negative interest rates?

The public is starting to catch on to the possibility of negative interest rates, and its confusing - and unpredictable - consequences
October 30, 2020
  • The Bank of England is sounding out the possibility of negative interest rates 
  • Be prepared for the impact on your personal finance

Will they or won’t they? After years of dismissing the prospect of negative interest rates in the UK, the Bank of England suddenly appears very open to the idea. At the start of this month, shortly after governor Andrew Bailey downplayed their imminent use, the central bank began asking commercial lenders if their systems could handle the switch.

You can find out what the outlook is for the UK's high street banks (with or without negative interest rates) in this article. 

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