BoE's Haldane: We are reviewing negative rates

Eren Sengezer FXStreet

"If there was a further negative shock to the economy we would need to think about further lowering of the cost of borrowing," Andy Haldane, the Chief Economist of the Bank of England (BoE), said on Monday.

Key takeaways

"I am reassured that more will be done on the fiscal policy if needed."

"A quarter of UK companies might have over-leverage problems."

"It is worth thinking about tackling corporate debt overhang problems in a more systematic fashion."

"Would favour agencies that operate at an arm's length from the government on corporate debt."

"Thought QE was not needed in June because of large amounts of monetary and fiscal stimulus in economy."

"We could do more QE, could purchase other assets."

"We are reviewing negative rates."

"There are some possible downsides of negative rates."

Market reaction

The GBP/USD pair paid little to no mind to these remarks and was last seen gaining 0.68% on a daily basis at 1.2650.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

EUR/USD slumps below 1.1800 on hawkish Fed Minutes, eyes on ECB succession

The EUR/USD pair tumbles to a near two-week low around 1.1785 during the early Asian session on Thursday. The US Dollar strengthens against the Euro on hawkish FOMC minutes that revived speculation about potential interest rate hikes if inflation remains elevated.

GBP/USD extends decline as weak jobs data bolsters BoE rate cut bets

The Pound Sterling continued to backslide under sustained pressure on Wednesday, following through after the UK employment report on Tuesday showed a labour market deteriorating faster than expected.

Gold consolidates the rebound below $5,000, US data eyed

Gold price consolidates the previous rebound below $5,000 in the Asian session on Thursday. The precious metal recovered on Wednesday amid shifts in geopolitical sentiment, boosting safe-haven demand. Traders will keep an eye on the release of US Initial Jobless Claims, Pending Home Sales data, and the Fedspeak later on Thursday.

Bitcoin approaches a critical zone: Bear pennant projects $56,000

Based on the most recent analyses from February 2026, the short answer is that it is highly unlikely that Bitcoin will reach $100,000 this month.

Mixed UK inflation data no gamechanger for the Bank of England

Food inflation plunged in January, but service sector price pressure is proving stickier. We continue to expect Bank of England rate cuts in March and June. The latest UK inflation read is a mixed bag for the Bank of England, but we doubt it drastically changes the odds of a March rate cut.

Sui extends sideways action ahead of Grayscale’s GSUI ETF launch

Sui is extending its downtrend for the second consecutive day, trading at 0.95 at the time of writing on Wednesday. The Layer-1 token is down over 16% in February and approximately 34% from the start of the year, aligning with the overall bearish sentiment across the crypto market.