So we don't hit 0%.

maveli

Mr King says it is unlikely

http://news.sky.com/skynews/Home/UK-News/Bank-Of-England-Governor-Mervyn-King-Says-Interest-Rates-And-Quantitative-Easing-Will-Boost-Economy/Article/200903115235627?lpos=UK_News_First_Buisness_Article_Teaser_Region_0&lid=ARTICLE_15235627_Bank_Of_England_Governor_Mervyn_King_Says_Interest_Rates_And_Quantitative_Easing_Will_Boost_Economy

Radiantsoul

I am not sure further reductions would do much whilst the main problem in the economy is credit rationning rather than the quantity of credit. And going to zero will create the illusion that monetary policy has shot its bolt.

Robert_Sterling_3

It could go down to 0.25% in April.

inspector_monkfish

Robert_Sterling wrote: »

It could go down to 0.25% in April.

but highly unlikely...