Bloomberg

(Bloomberg) -- Negative interest rates may have become increasingly prevalent in recent years, but Mark Carney doesn’t care for them. After cutting the Bank of England’s benchmark to 0.25 percent on Thursday, the institution’s governor said he’s “not a fan” of sub-zero borrowing costs and their side effects, though some of his colleagues have indicated they’re a possibility. Carney’s remarks matter -- as the head of the global Financial Stability Board, his stance may be as strong a negative indictment as the experimental practice has yet received, more than two years after the European Central Bank became the first major central bank to introduce it.

--With assistance from Nick Rigillo Zoe Schneeweiss and Jeff Black To contact the reporter on this story: Jill Ward in London at jward98@bloomberg.net. To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Zoe Schneeweiss, Paul Gordon

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