Press releases

Deloitte comments on the Bank of England's MPC report

04 February 2021

Commenting on the Bank of England’s MPC report, Damian Hales, financial services partner at Deloitte said: 

“Banks have been given six months to be ready for negative interest rates - meaning bankers will need to be prepared to do a lot of complex work in a short amount of time.

“Interest rates are in the DNA of banking and banks will need to look beyond systems changes to assure themselves they are ready for negative rates across the whole of their business.”


About Deloitte

In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity.

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Deloitte LLP is a subsidiary of Deloitte NSE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.

The information contained in this press release is correct at the time of going to press.

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