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Ultra-low interest rates could be here to stay, says Bank of England adviser

Discussion in 'Market News' started by Lily, Jan 18, 2016.

  1. Lily

    Lily Forum Member

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    Monetary policy committee member Gertjan Vlieghe says debt, demographics and distribution of income could all depress interest rates for years to come

    The prospect of ultra-low interest rates persisting for years to come has been conjured up by a leading Bank of England policy after a further fall in oil prices and shares in London sinking to their lowest level since late 2012.

    Gertjan Vlieghe, one of the nine members of Threadneedle Street’s monetary policy committee, the body that sets the official cost of borrowing, said debt, demographics and distribution of income could all depress interest rates.

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