Deloitte comments on the Bank of England's MPC report

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.”

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