BoE split over subzero rates


LONDON: The Bank of England (BoE) is seeing old fault lines open up as officials lock horns on whether to take interest rates below zero for the first time.

That’s what the math on the nine-member Monetary Policy Committee is starting to look like, as the so-called “internals” on the panel with full-time operational roles at the central bank show the greatest signs of resistance to the measure.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

xxx

   

Next In Business News

Hap Seng 3Q24 net profit soars nearly fourfold to RM193.11mil
Ringgit rises against US dollar for third consecutive day
KTI Landmark records RM230mil in sales, surpassing 2023 figures
MSM Malaysia’s 3Q net loss widens to RM49.7mil on forex loss
UEM Sunrise on track to hit RM1bil sales target
Perodua teams up with PETRONAS Dagangan and Gentari to improve services and EV support
Karex 1Q net profit tumbles 73.4% to RM1.4mil
DRB-Hicom focuses on digital transformation
FBM KLCI falls for third day, weighed down by Tenaga, YTL stocks
Oil prices climb as geopolitical tensions outweigh US inventories

Others Also Read