The BBC's Hugh Pym
Media playback is unsupported on your device

What would negative interest rates mean?

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.

  • 27 Feb 2013
Go to next video: BoE 'considering' negative interest rates