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Sterling jumps as BoE puts 'dampener' on negative rates

Sterling jumped higher against the euro and the dollar today as comments from the Bank of England's governor on the viability of negative interest rates dampened some expectations of sub-zero rates in Britain.
Business • 12 Jan 21

UBS to close one in five Swiss branches

Switzerland's biggest bank UBS said today it will close roughly a fifth of its Swiss branches this quarter and start charging negative rates on clients holding more than 250,000 Swiss francs or euros in cash from July.
Business • 12 Jan 21

Bank of England asks about readiness for negative rates

The Bank of England asked UK banks today for information about their readiness for the possibility of zero or negative interest rates.
Business • 12 Oct 20

US Fed members unanimously reject negative rates

US central bankers last month dismissed the idea of taking interest rates into negative territory, something President Donald Trump has called for many times, according to meeting minutes released last night.
Business • 21 Nov 19

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