Bank of England

Bank of England Official Says Negative Interest Rates Should be Considered

Rate has been held at 0.5 percent for years


Bank of England deputy governor Paul Tucker has said negative interest rates should be considered.

The Bank rate has been at a record low of 0.5% for almost four years.

A negative interest rate would mean the central bank charges banks to hold their money and could encourage them to lend out more of their funds.