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Further comments are flowing from the Bank of England (BOE) Governor Andrew Bailey, as he now speaks on the topic of negative interest rates.
Key quotes
Negative rates are a controversial issue.
There are a lot of issues with negative rates.
No country has used negative rates in ‘retail’ end of the financial market.
There are good reasons to think we’re in a world of low rates for a long period of time.
Outlook for interest rates hinges on productivity growth.
GBP/USD revisits highs
The pound picked up fresh bids, driving GBP/USD back towards the daily highs of 1.3568, as Bailey downplays negative rates expectations.
This article was originally published by Fxstreet.com. Read the original article here.