the clock ticks forward yet again ever closer to zero hour...

[BeardyMan]

The idea is to get banks to lend their money out instead of having it sat with the BoE (thus earning them more than the 0.5% they earn anyway, albeit with more risk). The negative interest rate will not happen though, and if it did the banks we use would still offer interest on the money we deposit, but you'd probably find you'd have to start paying for your current account. No change for me as I pay for mine anyway!

Unfortunately this isn't going to boost the markets at all, bit of a waste of time. I can only assume that this was released to the press in an attempt to stimulate the markets, the euro vs the dollar has started it's recovery already [I've been watching the markets today as I'm forex trading ]