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.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
xxx

Next In Business News

Digital dreams, volatile reality
PETRONAS eases off the gas
MNRB aims for Asia’s top five
IPPs plug back in
On golden pawn
Krishnan Tan confirms full cooperation with MACC probe into IJM
Ringgit to trade in tight range between RM3.95 and RM3.96 next week
McDonald’s Malaysia to invest RM1bil over five years, open 100 restaurants
Nestle Malaysia and UPM launch Halal@STEM programme for students
The festive cash tsunami

Others Also Read