UK banks not ready for negative interest rates, says NatWest chairman
by Phillip Inman from Economics | The Guardian on (#59588)
Howard Davies warns of technical and contractual issues if cost of borrowing cut further
Britain's banks are not ready for negative interest rates, according to the chairman of NatWest.
We're not completely ready for it," Howard Davies said. There would be technical issues and many contractual issues."
What would happen to my mortgage?
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