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Bank of England talks negative interest rates in best ‘ad’ for Bitcoin

From cointelegraph.com

Bitcoin (BTC) is getting its best “advertisement” once more as another major central bank floats the idea of charging people to save their money. As Bloomberg reported quoting minutes of a meeting held Thursday, the Bank of England (BoE) has become the latest central bank to discuss negative interest rates. According to the results of the meeting, the BoE will enter discussions with banking regulators over negative rates, which effectively mean lending institutions, and, hence, savers must pay to store cash. The reason is the impact of the coronavirus lockdown on the economy, along with the looming prospect of ... (full story)

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  • Category: Fundamental Analysis