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- BoE's MPC member Ramsden: We want to have tool of negative rates if things don't get better as forecast
BoE's MPC member Ramsden: We want to have tool of negative rates if things don't get better as forecast
- We want to be in a position that if things didn't get better as we are forecasting, the tool of negative rates can be feasibly used if at the time we made the policy decision to use it
- Contingency planning is very different from thinking negative rates will be used
- Some people have been able to accumulate lot of savings but those people are typically more in high-income brackets
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