July 26 United Kingdom Central Bank officials said Martin Weal 1xbet official website, based on Dim PMI data released before, or will vote to implement a series of policies, including interest rate cuts. He was thought to be United Kingdom in the Central Bank’s monetary policy Committee, one of the most hawkish figures. Once again, making the market speculation that United Kingdom in next week’s monetary policy meeting, the Central Bank may decide to cut its benchmark interest rate to 0. Just shortly before the RBS wrote to its 1.3 million customers, warning that if the United Kingdom’s Central Bank, cut its benchmark interest rate to below 0, they will face a negative interest rate. The group, including NatWest business and commercial account holders says it will charge them in a negative interest rate costs, meaning that money not only have no interest revenue received, paid to bankroll it.
“The United Kingdom Central Bank keeps benchmark interest rate at a record low of 0.5% for as long as 7 years, and some economists believe it will cut interest rates further to stimulate the economy. “RBS and NatWest could become United Kingdom history’s first imposition of negative interest rates of banks.
However, the spokesman for the group, said the absence of any private bank account plan to implement such changes in interest rates. “If the United Kingdom’s Central Bank, cut its benchmark interest rate to less than 0, we will take into account any possible action, but will do all we can to protect our customers, so as not to be affected. “
Any news of the rate cut will help borrowers, such as adjustable-rate mortgages will reduce the cost. But for savers, already disappointing interest yield will continue to decrease for a long time. Earlier this month, United Kingdom Central Bank Governor Carney 1xbet Caijing reporters reluctant to cut its benchmark interest rate to less than 0.25%, and warned: “if interest rates are too low, or even below 0, it will hit profit margins and sharply reduced available credit, rather than their total price. “
ICAEW Chief Clive Lewis reminds businesses need to prepare for negative interest rates. He fears that this will result in the company there will be money in the Bank, thereby increasing the risk of theft. “All customers, especially small enterprises should timely access to bank information, monitor their account. Banks have the right, but the tight budget for small business, if not ready, this will cause a lot of problems. “