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Investors pay to lend the Treasury money as Bailey hints at negative rates
Investors paid the British state for the privilege of lending it money for the first time as Andrew Bailey gave his strongest hint yet that interest rates could turn negative.After inflation plunged to a near-four year low in a fresh sign of the disaster gripping the economy, Government bond yields fell into unprecedented territory below zero - meaning that investors were so desperate to park their cash in a safe haven that they were willing to pay the Treasury to take it. Meanwhile Bank of England Governor Mr Bailey vowed to pull every lever at his...…Investors paid the British state for the privilege of lending it money for the first time as Andrew Bailey gave his strongest hint yet that interest rates could turn negative.After inflation plunged to a near-four year low in a fresh sign of the disaster gripping the economy, Government bond yields fell into unprecedented territory below zero - meaning that investors were so desperate to park their cash in a safe haven that they were willing to pay the Treasury to take it. Meanwhile Bank of England Governor Mr Bailey vowed to pull every lever at his...WW…
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