HOW NEGATIVE INTEREST RATES WORK? What Will Be The Impact of Negative Rates? Impact on UK Economy On 4th February 2021 Bank of England announced that it will retain base rate at 0.1%. Also Bank of England has told leaders and banks to prepare for negative interest rate in the next 6 months. This does not mean negative interest rates will happen but this is the first time lenders have been asked to take steps to prepare. But what does a negative rate mean to you. In this episode I will discuss possible impact of negative interest rates. Hi Everyone, This is Ash Ajaz and welcome to my YouTube Channel Ash's Top 5. I am the founder and CEO of Focus Finance Solutions with years of experience in the industry. On this channel I will be posting videos about everyday money matters in order to enhance your knowledge and to answer any questions you may have without the jargon. So please give this channel a SUBSCRIBE and COMMENT with your topic suggestions and feedback. Thank you so much for watching. Ash Ajaz NOTE: I am sharing information and not offering advice. FOLLOW ME: LinkedIn: https://www.linkedin.com/in/ashajaz/ Instagram: ashajaz26 Twitter: @ashajaz Facebook: @ashajaz Souces used for research: Experian: www.experian.co.uk Equifax: www.equifax.com Buy Association: www.buyassociation.co.uk CONTACT US: www.theffs.co.uk info@theffs.co.uk