What would negative interest rates mean?

27 February 2013 Last updated at 05:30 ET Help

The Bank of England has considered setting a negative interest rate in a bid to boost the economy.

A negative rate would mean the central bank charges banks to hold their money and could encourage them to lend out more of their funds. But what would be the impact for customers?

The BBC's chief economics correspondent Hugh Pym explains.

Read More

BBC © 2013 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.