• Business

    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 a row because we may be forced to use it,”…

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  • Business

    4 Top Finance Picks Amid Chances of Near Zero Rates Till ’23

    The much-awaited Federal Reserve Open Market Committee (FOMC) meeting regarding the core monetary policy will be ending today afternoon. Per the CME Group FedWatch tool, there is a 100{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} chance that interest rates will be left unchanged this time as well. The central bank’s decision will not be a surprise for the markets as in the June FOMC meeting, interest rates were left at 0.00-0.25{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49}, with indications that it will be at the same level through 2022. Further, in late August, the Fed announced a major change in its inflation policy, seeking to support the fall in unemployment level by targeting an inflation that averages 2{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} over time. In order…

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