Bank of England Governor Andrew Bailey said the UK central bank is currently reviewing all its tools and it would be foolish to rule out any one of them, including negative interest rates. "We do not rule things out as a matter of principle," Bailey told lawmakers at a Treasury committee hearing on Wednesday.
Specifically on negative interest rates, the BoE Chief said, "We're not ruling it in, and we're not ruling it out."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.