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UK banks quizzed by BOE on how negative interest rate would affect them

By Fiona Maxwell ( October 12, 2020, 09:54 GMT | Insight) -- British lenders have been asked by the Bank of England to detail the impact that a zero — or even negative — interest rate could have on important business services and to set out their operational readiness for such a change, increasingly seen as possible as the central bank tries to stimulate the economy to alleviate the effects of Covid-19.British lenders have been asked by the Bank of England to detail the impact that a zero — or even negative — interest rate could have on important business services....

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