Negative interest rates may not boost UK economy – here's what the Bank of England should try first
- Written by Panicos O Demetriades, Professor of Financial Economics, University of Leicester
Life below zero. Dmitriy DemidovichThe Bank of England has given banks and building societies in the UK six months to prepare for the possible introduction of negative interest rates for the first time in its 327-year history.
Savers may be starting to get anxious. Negative interest rates sound like a tax on bank deposits, since they imply that...