The Governor of the Bank of England says it won’t happen. You can take whichever half of that bet you want, but it shouldn’t take very long to work out which is the right side of the trade. […] The experience of the rest of the world may suggest negative rates are tolerable – but that won’t be true for Britain. […] Plenty of corporate bonds are already trading at negative rates, and that is only going to continue. […] In truth, however, for the UK, negative rates are going to do far more damage than they have elsewhere – and they shouldn’t even be a last resort.
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