BoE's Vlieghe - rates could go negative in theory, but beware costs

Bank of England rate setter Gertjan Vlieghe said that in theory interest rates could go "a little bit negative", but that they should go nowhere near levels that would encourage big companies to stockpile cash. The BoE would have to think very carefully about whether the benefits of negative interest rates would outweigh the costs, Monetary Policy Committee member Vlieghe said in an interview published on Friday by the London Evening Standard. Vlieghe said it would be bad for the economy if inte