⁍ The Bank of England is weighing up how it could bring negative interest rates to Britain if needed.

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⁍ There are differing views among its nine monetary policymakers.

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⁍ The Bank of Japan and the European Central Bank have cut rates below zero to spur banks to lend and boost growth.

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– The Bank of England could become the first major central bank in the world to offer negative interest rates to banks, the Wall Street Journal reports. According to Reuters, the BoE’s nine-member Monetary Policy Committee is currently weighing the pros and cons of using negative rates—which have been used in Japan and Europe to boost economic growth—for the first time in Britain. According to the Journal, the BoE is considering using negative rates as a way to encourage banks to lend more and boost economic growth. The use of negative rates would require approval from the BoE’s nine-member Monetary Policy Committee and would need to be approved by the country’s Financial Services Authority. According to the Journal, the use of negative rates would require approval from the country’s Financial Services Authority and would need to be approved by the BoE’s nine-member Monetary Policy Committee. The use of negative rates would require approval from the country’s Financial Services Authority and would need to be approved by the country’s Financial Services Authority. The use of negative rates would require approval from the Financial Services Authority and would need to be approved by the country’s Financial Services Authority. The use of negative rates would require approval from the Financial Services Authority and would need to be approved by the country’s Financial Services Authority. The use of negative rates would require approval from the Financial Services Authority and would need to be approved by the Financial Services Authority.