BOE isn’t close to implement negative rates, says Haldane

Bloomberg

One of the Bank of England’s (BOE) key policy makers played down the possibility of an imminent cut in interest rates below zero, saying that “reviewing and doing are different things.”
Andy Haldane, BOE’s chief economist who more than a week ago said officials were assessing negative rates, added that policy makers weren’t ruling any options out “as a matter of principle.”
“Currently we are in the review phase,” he said in an webinar hosted by the Confederation of British Industry. His comments prompted traders to push back bets on negative rates to August of next year, compared with December 2020 last week.