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Sep.22 — The Bank of England isn’t close to negative interest rates despite the resurgence of the coronavirus reinforcing downside risks to the U.K. economy, Governor Andrew Bailey said in a British Chambers of Commerce webinar. While the bank has “looked hard” at rate cuts and negative rates are in the toolbox, planned technical work on the policy is to examine whether it can be implemented rather than a signal it is coming, he said. (Source: British Chambers of Commerce.)

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