Interest rates could go sub-zero: how would this affect mortgages and savings?
Interest rates could go sub-zero: how would this affect mortgages and savings?
The Bank of England has hinted the base rate could be cut below zero for the first time ever
Stephen Little
Thu, 05/21/2020 – 13:02Image
The Bank of England has refused to rule out cutting interest rates to below zero to boost the economy, but the move would penalise savers while rewarding homeowners.