Aug
10
Markets Snub Carney by Setting Negative Rates He Opposes: Chart
By
The U.K. already has negative interest rates, despite Bank of England Governor Mark Carney’s aversion to them. That’s because financial markets rather than central banks are dictating the cost of money, writes Bloomberg View’s Mark Gilbert. Yields on both the 4.75 percent gilt maturing in March 2020 and on the 3.75 percent gilt repayable in September 2019 dropped below zero on Wednesday…
Markets Snub Carney by Setting Negative Rates He Opposes: Chart
