But the MPC member says the Bank would contain to be cautious about undermining the bank funding model if savers start hoarding cashA top Bank of England policymaker has floated the possibility of interest rates being slice below zero,meaning companies would pay to deposit their money with banks.
Jan Vlieghe, a member of the BoE’s nine-strong monetary policy committee, or did not rule out the view of following other central banks in taking interest rates negative but said the Bank would “contain to consider very carefully” about whether the positive effects would outweigh the downsides.
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Source: theguardian.com