> The Bank of England has asked UK lenders for information about their readiness for the possibility of negative or zero interest rates (archive.is), raising the prospect of an unprecedented move as the recovery begins to slow.
> In a letter to banks, deputy governor Sam Woods wrote: "We are requesting specific information about your firm's current readiness to deal with a zero bank rate, a negative bank rate or a tiered system of reserves remuneration – and the steps that you would need to take to prepare for the implementation of these."
>> The Bank of England has asked UK lenders for information about their readiness for the possibility of [negative or zero interest rates](https://archive.is/U1bMA), raising the prospect of an unprecedented move as the recovery begins to slow.
>> In a letter to banks, deputy governor Sam Woods wrote: "We are requesting specific information about your firm's current readiness to deal with a zero bank rate, a negative bank rate or a tiered system of reserves remuneration – and the steps that you would need to take to prepare for the implementation of these."
(post is archived)