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Bank of England rate-setter: We’re constantly on alert over negative effects of low interest rates

Bank of England

An external member of the Bank of England’s Monetary Policy Committee said the central bank is constantly on alert for negative side-effects of near-zero interest rates.

Michael Saunders, who joined the MPC in August from Citigroup, told the Financial Times: “If we thought the adverse side effects of monetary policy easing outweighed the potential boost, then our willingness to use the tool of easing, even in a time the economy was sluggish, would be much less.”

“I do not think we are at that tipping point, but that is something we have to be constantly on the alert for,” he read more >>>

Source:: BusinessInsider.Com