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Tag: negative

Ocean pollutants ‘have negative effect on male fertility’

Ocean pollutants ‘have negative effect on male fertility’

Science
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Bank deputy governor warns against negative interest rates

Bank deputy governor warns against negative interest rates

Business
A Bank of England (BoE) deputy governor has spoken out against setting negative interest rates, which would bring the cost of borrowing below zero."At present, negative policy rates would be less effective as a tool to stimulate the economy," Sir Dave Ramsden told the Society of Professional Economists (SPE).The Bank has so far responded to the pandemic by cutting rates to just 0.1%.But some policymakers want it to do more.If interest rates are negative, the BoE charges for any deposits it holds on behalf of the banks. That encourages banks to lend the money to business rather than deposit it.But with interest rates already low, it's not clear how much negative rates would help spur new activity. Negative interest rates: Bank of England policymaker defend...
Negative interest rates: Bank of England policymaker defends plan

Negative interest rates: Bank of England policymaker defends plan

Business
A Bank of England (BoE) policymaker has defended the potential use of negative interest rates, which could take the cost of borrowing below zero.Silvana Tenreyro told the Sunday Telegraph that evidence from other countries was "encouraging".On Tuesday, the BoE governor played down the prospect of taking rates below zero, insisting it just needed to make sure it could do so if needed.The Bank has so far responded to the pandemic by cutting rates to just 0.1%. If interest rates are negative, the BoE charges for any deposits it holds on behalf of the banks. That encourages banks to lend the money to business rather than deposit it.In an interview with the newspaper, Ms Tenreyro - an external member of the Bank's Monetary Policy Committee - said that evidenc...
NHS Covid-19: App users unable to input negative tests

NHS Covid-19: App users unable to input negative tests

Technology
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