Tag: interest

Bank deputy governor warns against negative interest rates

Image copyright Getty Images 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… Read more →

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Negative interest rates: Bank of England policymaker defends plan

Image copyright Getty Images 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… Read more →

Coronavirus: Pandemic driving ‘exceptional interest’ in Scots homes

Image copyright Getty Images Image caption The Highlands and Islands has been seen as one of the most desirable areas among buyers Parts of Scotland are experiencing a post-lockdown property sales boom, say solicitors. Hundreds of inquiries have come from England and there has been “exceptional interest” from buyers in Hong Kong. The uptick in interest is being put down… Read more →