Britain’s economy could be facing a slower recovery from its deep coronavirus slump than the Bank of England suggested this month and all stimulus options, including sub-zero interest rates, should be considered, a BoE deputy governor said. But Dave Ramsden told Reuters the issues around taking rates below zero were complex and would take time to think through, and there was plenty of room for the BoE to carry on its massive programme of government bond purchases. The BoE said on May 7 that Britain’s economy might suffer its sharpest slump in over 300 years in 2020 after the government imposed a shutdown to slow the ... (full story)