BoE's Tenreyro sees positive evidence of impact of negative rates-Yorkshire Post

LONDON, Nov 11 (Reuters) - Bank of England policymaker Silvana Tenreyro said there was positive evidence about how sub-zero interest rates can help the economy and banks, according to the Yorkshire Post newspaper.

“The positive evidence related to negative interest rate policy comes from Europe, where it has worked fairly well,” Tenreyro said in an interview with the Yorkshire Post.

“It led to lower lending rates and increases in lending; and banks’ profitability actually increased.”

The comments echoed those made by Tenreyro about negative rates - currently the subject of a Bank of England feasibility review - in September.

Writing by William Schomberg; Editing by Kate Holton