The Governor of the Bank of England believes that reducing interest rates to below zero requires comprehensive communication
Bank of England Governor Bailey said that if interest rates were to fall below zero, extensive communication was needed because it was not a normal rate cut and reiterated that the central bank has long believed that negative interest rates will cause problems for banks. Therefore, the implementation of negative interest rates has not been considered, but this possibility has not been completely ruled out. The Bank of England has no need to implement negative interest rates, which has eased the downward pressure on the pound.
IEA says crude oil demand is beginning to show signs of recovery
The International Energy Agency (IEA) said that in response to the easing of confinement measures in various places, the forecast of the decline in global crude oil daily demand this year was reduced from the estimated 9.3 million barrels last month to 8.6 million barrels. It also pointed out that global economic activity is beginning to recover gradually but fragilely, and the prospects are still very uncertain, especially whether local governments can relax confinement measures without triggering an outbreak. As for the oil market conditions, the IEA said that crude oil demand had initial signs of recovery, but it is still too early to conclude that supply and demand will return to equilibrium at this stage.
Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/
場外式黃金/白銀交易由 Max Online 提供。場外式黃金/白銀交易涉及高度風險，未必適合所有投資者。高度的槓桿可為閣下帶來負面或正面的影響。場外式黃金/白銀並非受證券及期貨事務監察委員會（「證監會」）監管，因此買賣場外式黃金/白銀將不會受到證監會所頒布的規則或規例所約束，包括（但不限於）客戶款項規則。閣下在決定買賣場外式黃金/白銀之前應審慎考慮自己的投資目標、交易經驗以及風險接受程度。可能出現的情況包括蒙受部分或全部初始投資額的損失，或在極端情況下（例如相關市場跳空）產生更多的損失。因此，閣下不應將無法承受損失的資金用於投資。投資應知悉買賣場外式黃金/白銀有關的一切風險，如有需要，請向獨立財務顧問尋求意見。