BoE said to be mulling a controversial move into negative rates
|The Bank of England is said to be mulling a controversial move into negative rates, as written in the UK's Telegraph.
Sunak is expected to also confirm furloughed workers will get 80% of wages so long as businesses are mandated to shut.
Meanwhile, the Sun reported that the Bank of England chiefs are expected to pump around £150 billion of extra money into the economy as England’s second lockdown starts today.
And Rishi Sunak will make it a double bazooka by promising to keep the Government’s latest Covid bailout schemes in place even after the lockdown ends on December 2.
GBP/USD and crosses are selling off on the news:
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