Negative Interest Rates: The Future of the UK’s Expansionary Monetary Policy?

Introduction

Figure 1: The Bank of England on their Bank Rate from 1975–2020

A Theory of Inflation Expectations

The Negative Rates Club

Figure 2 — The Financial Times on Central Banks with Negative Interest Rates
Figure 3: Volume of and interest rate on overnight deposits held by households, and Figure 4: Volume of and interest rate on overnight deposits held by non-financial corporations
Figure 5 — The ECB on the Impact of NIRP on Loan Growth

References

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