Bank of England Base rate & other news Bank of England Base rate & other news
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  1. #1

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    Default Bank of England Base rate & other news

    Base rate held for the time being:

    https://www.independent.co.uk/news/b...-a8409596.html

    &

    Interesting story from Reuters:

    "Labour could order biggest Bank of England shake-up in decades"

    https://uk.reuters.com/article/us-br...-idUKKBN1JF32Y

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    Quote Originally Posted by Martin@AS Financial View Post
    Interesting story from Reuters:

    "Labour could order biggest Bank of England shake-up in decades if it wins power"

    https://uk.reuters.com/article/us-br...-idUKKBN1JF32Y
    It's not interesting because you missed the pertinent bit, the bit which means it'll never happen.

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    Consultants commissioned by John McDonnell, the shadow chancellor, recommended the bank should retain its independence, but that its mandate be expanded to include an annual productivity growth target of 3 percent.
    How the F is BoE supposed to influence productivity ?!?

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    Quote Originally Posted by sal View Post
    How the F is BoE supposed to influence productivity ?!?
    This is the problem, there are many in the government who think they can.

    Anyway, Labour doesn't need to win power as May is moving to the left so quickly that we will soon effectively have a Labour government.

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    Quote Originally Posted by Martin@AS Financial View Post
    Interesting story from Reuters:

    "Labour could order biggest Bank of England shake-up in decades"

    https://uk.reuters.com/article/us-br...-idUKKBN1JF32Y
    By "shake up", they presumably mean they'll hold it upside down and shake it like a piggy bank until all the gold bullion has dropped out for them to grab and spend!
    Last edited by OwlHoot; 22nd June 2018 at 14:04.
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    Quote Originally Posted by sal View Post
    How the F is BoE supposed to influence productivity ?!?
    Export sas?

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    Quote Originally Posted by Martin@AS Financial View Post
    Base rate held for the time being:

    https://www.independent.co.uk/news/b...-a8409596.html

    &
    Course its been held, t'economy is in no state to take a rise
    Hard Brexit now!
    #prayfornodeal

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    Default U.K. Inflation Miss Adds a Little Doubt to BOE August Rate Hike


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    Quote Originally Posted by OwlHoot View Post
    By "shake up", they presumably mean they'll hold it upside down and shake it like a piggy bank until all the gold bullion has dropped out for them to grab and spend!
    I thought the Genius Brown had already done that.
    When the fun stops, STOP.

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    Bank of England raises Bank Rate to 0.75%

    Bank of England raises Bank Rate to 0.75% | Financial Reporter

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