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Central Banks

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BoE's Ramsden sees no case for negative rates now

Cutting interest rates below zero risks damaging British banks' capacity to lend, and is not currently the right tool for the Bank of England to stimulate the economy, Deputy Governor Dave Ramsden said on Wednesday.

London stocks rise on hopes of Brexit trade deal

London stocks closed higher on Tuesday as investors remained hopeful of a trade deal with the European Union by year-end, although gains were capped by concerns over tougher coronavirus lockdowns in parts of England.

BoE's Vlieghe eyes more stimulus, open to negative rates

Bank of England policymaker Gertjan Vlieghe said on Tuesday the central bank could need to add more stimulus as risks to the economy had grown in response to rising COVID cases, and voiced some cautious support for negative interest rates.

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