>> The Bank of England has asked UK lenders for information about their readiness for the possibility of [negative or zero interest rates](https://archive.is/U1bMA), raising the prospect of an unprecedented move as the recovery begins to slow. >> In a letter to banks, deputy governor Sam Woods wrote: "We are requesting specific information about your firm's current readiness to deal with a zero bank rate, a negative bank rate or a tiered system of reserves remuneration – and the steps that you would need to take to prepare for the implementation of these."