The Bank of England said Britain’s economy had performed better than it had expected as recently as last month but its policymakers had been briefed on how the central bank could cut rates below zero if needed. As it kept its main stimulus programmes on hold, the BoE said it was ready to take further action as it highlighted uncertainties about rising COVID-19 cases, the risk of higher unemployment and a Brexit shock. “Recent domestic economic data have been a little stronger than the Committee expected at the time of the August Report, although, given the risks, it is unclear how informative they are about how the ... (full story)