# BoE: MPC does not want to send signal that negative rates are in prospect or imminent — Octa

> Minutes of the Bank of England's Monetary Policy Committee said it did not want to signal that a negative bank rate was imminent, while asking the PRA to prepare firms for one. Money markets moved to price a negative rate by February 2022.

- Date: 2021-02-04 · published 2021-02-04T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/48885-boe-mpc-does-not-want-to-send-signal-that-negative-rates-are-in-prospect-or
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Monetary policy signals move sterling and gilt yields but have no direct price implication for feed ingredients.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/879367/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.