Negative interest rates are highly unlikely in the UK – that’s good news for this investment

The Bank of England has been mulling negative interest rates over for a while now. But it’s unlikely to impose them, says John Stepek, Here’s why, and how you can profit.

Man at a cashpoint
Bank stocks should do well
(Image credit: © Dinendra Haria/SOPA Images/LightRocket via Getty Images)

The topic of negative interest rates has been hanging over the Bank of England like a bad smell for quite some time.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.