No-Deal Brexit May Be the Trigger for BOE to Use Negative Rates

(Bloomberg) — The Bank of England’s preparations for the aftermath of a potentially messy Brexit could include a new weapon by the end of the year.

Policy makers have given the strongest signal yet that they’re considering using negative interest rates, saying they’ll work with bank regulators on how they might implement such a policy for the first time in the central bank’s history. A failure by the U.K. government to reach a trade deal with the European Union by the end of this year could tip them over the edge.

They’re saying “you’ve got to get your ducks in