Tag: rates

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 →

Times ‘ever more difficult’ for savers as rates slip

Image copyright Getty Images Times are becoming “ever more difficult” for savers who have fewer products to choose from than at any time since before the last recession, research suggests. Some 370 fewer savings products are now available compared with the start of March, according to financial information service Moneyfacts. The total of 1,398 deals on the market is the… Read more →

Coronavirus: Many NI businesses will not pay rates this year

Image copyright Getty Images Hospitality, tourism, leisure and childcare businesses in NI will not have to pay rates this year, Finance Minister Conor Murphy has announced. Most retailers, aside from larger supermarkets and off licences, will also be exempt for the whole year. Businesses in other sectors will have their current three month exemption extended by another month. Rates are… Read more →