PRA asks banks to prepare for possibility of negative rates

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PRA asks banks to prepare for possibility of negative rates

Tyler Davies
February 04, 2021 01:00 pm
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A general view of the Bank of England in London as interest rates were today slashed to an all-time low of 1.5\%. | Jeff Moore/Jeff Moore/PA Images

The Prudential Regulation Authority wants UK lenders to carry out “tactical solutions” over the next six months so that they are ready for the possibility of negative rates later this year.

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