Cutting the UK’s official interest rate below zero would fail to boost Britain’s Covid-stricken economy because lenders would increase mortgage costs in response, the Bank of England has been told.
'Friendly' guardian failing to point out the most consequential impact of -IR in a cashless economy. ie zero social mobility for lower and middle classes, more power to the elite, thrift and invention will get entrepreneurs nowhere. They really are trying to lock it all down
Buy bitcoin & protect your savings from negative interest rates!
You wanted, a solution for climate change, so stop moaning about the solutions
Well it would - it would force banks to lend money or make more from it.
Why would reducing the cost of borrowing for banks make banks raise the cost of borrowing from banks? They would be getting the money cheaper than they do now.
Negative Covid tests, because the government and some people in Britain start making better decisions, would perhaps help more the economy in the UK. Stay home!
More good news please(((
Would create housing bubble and crash.
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