BoE's Haskel on negative rates: We keep everything under review

Eren Sengezer FXStreet

"I believe we have space to do more to help the economy if needed," Jonathan Haskel, a member of the Monetary Policy Committee (MPC) of the Bank of England (BoE), said on Wednesday.

Regarding the possible implementation of negative interest rates, "we keep everything under review with a focus on inflation goal," Haskel noted.

"The housing market activity is somewhat coming back," Haskel further added, as reported by Reuters.

Market reaction

The British pound seems to be losing strength on these remarks. As of writing, the GBP/USD pair was down 0.08% on a daily basis at 1.2390.

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.

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