Bank of England rate setter backs negative interest rates

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Silvana Tenreyro says economic recovery from Covid-19 needs cheaper loans

means the interest bill is credited to the borrower’s account rather than debited, reducing the sum borrowed over time. This is in contrast to loans offered by banks and building societies 25 years ago, when the interest rate ranged between 5% and 8% and often meant paying back twice as much over the loan period.

 

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Mini housing boom might have waned in recent weeks but I have just heard fears of 2nd wave restoking it now. We are heading for a property bubble/crash in the South. Negative interest rates will send more savings into property, not industry. Dangerous.

Those luxury lifestyles aren't going to pay for themselves. RealLooters

IRS confirms!

Buy Bitcoin, Gold and Silver

The BOE have created a monster over the last decade through huge cheap credit expansion enabled by their loose monetary policy...all they have left now is to pour more petrol onto the fire to keep the plates spinning. Basket case stuff

The BOE have created a monster over the last decade through huge cheap expansion enabled by their loose monetary policy...all they have left now is to pour more petrol onto the fire. Basket case stuff

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