Negative interest rates idea floated

negative interest rates

This is about as likely as horse meat in your Spag Bol.

Bank of England deputy governor Paul Tucker has said negative interest rates should be considered.

A negative interest rate would mean the central bank charges banks to hold their money and could encourage them to lend out more of their funds.

via BBC News – Negative interest rates idea floated by Bank’s Paul Tucker.

A pretty challenging idea. It essentially means it would cost to leave money on deposit so it would be better to lend it out. This in turn would stimulate the economy. So how likely is this to happen?

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Kevin Harrington
I’m a UK-based B2B marketing consultant, specialising in strategic advice for SME business owners. I bring extensive hands-on expertise to every client engagement. Senior leadership roles across technology, media, payments, and publishing have shaped my practical approach. Highlights include serving as Chief Marketing Officer at The Panoply plc (now TPXimpact), Chief Commercial Officer at Tungsten Network, and Global Marketing Director at BBC Worldwide. Over the years, I’ve guided numerous SMEs through transformation and value creation. Helping businesses evolve and thrive is a genuine passion. Practical marketing insights and succession planning strategies are at the heart of what I do, as I believe growing a business’s asset value should be a rewarding and positive journey for every entrepreneur.

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