Banks including Natwest Group Plc, HSBC Holdings Plc, Barclays Plc and Lloyds Banking Group Plc are close to completing the technical steps necessary to implement negative interest rates.
LONDON: Britain’s biggest financial institutions are on track to meet the Bank of England’s (BoE) deadline to be ready for negative interest rates, giving authorities another tool to aid the economy if the recovery fades.
Banks including Natwest Group Plc, HSBC Holdings Plc, Barclays Plc and Lloyds Banking Group Plc are close to completing the technical steps necessary to implement negative interest rates.
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