Bank of England policymakers consider negative interest rates

lovemoney.com


Deputy Governor Paul Tucker has said the "extraordinary" idea has been floated.

The Deputy Governor of the Bank of England, Paul Tucker, has said the central bank has considered introducing negative interest rates to help get the economy moving again.

Appearing before the Treasury Select Committee, he said: "This would be an extraordinary thing to do and it needs to be thought through carefully."%VIRTUAL-SkimlinksPromo%