Bank of England Base rate & other news

[Martin@AS Financial]

Base rate cut to 0.1%

Coronavirus: Bank of England cuts base rate to 0.1% | UK News | Sky News

Monetary Policy Summary for the special Monetary Policy Committee meeting on 19 March 2020 | Bank of England

[Martin@AS Financial]

Bank Rate maintained at 0.1% - May 2020

Taken from the Bank of England website:

"Our MPC voted unanimously to maintain Bank Rate at 0.1%. The Committee voted by a majority of 7-2 for the Bank of England to continue with the programme of £200 billion of UK government bond and sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, to take the total stock of these purchases to £645 billion."

Full report here:

Bank Rate maintained at 0.1% - May 2020 | Bank of England

[DimPrawn]

Must be time for negative mortgage rates now. The more you borrow, the more the bank pays you.

Not that I want house prices to double or anything....

[Martin@AS Financial]

Bank of England looking more urgently at negative rates

Taken from Reuters:

Bank of England looking more urgently at negative rates, riskier assets: Haldane - Reuters

[Andy2]

Interest rates warning: Savers would be 'worst hit' as Brits face 'interest rates of -3%'
Interest rates UK: Savings would be 'worst hit' as Brits face negative interest rates | Personal Finance | Finance | Express.co.uk

Enjoy

[AtW]

That article should really be posted in the Weird News section of the Express

[AtW]

Coming next - Negative Dividends: that’s right - companies will charge shareholders who will benefit from never ending share price growth and lower levels of tax on disposal than getting dividends.

Unicorns all around

[DimPrawn]

Interest rates warning: Savers would be 'worst hit' as Brits face 'interest rates of -3%'
Interest rates UK: Savings would be 'worst hit' as Brits face negative interest rates | Personal Finance | Finance | Express.co.uk

Enjoy

At least borrowing for the masses is dirt cheap.

https://www.lendingstream.co.uk/

[Martin@AS Financial]

Interesting speech given by Andy Haldane (Chief Economist of the BOE) discussing the UK economic outlook:

https://www.bankofengland.co.uk/-/me...8B1EB58CFF21EB

[scooterscot]

Interesting speech given by Andy Haldane (Chief Economist of the BOE) discussing the UK economic outlook:

https://www.bankofengland.co.uk/-/me...8B1EB58CFF21EB

The report makes reference to google trend searches for 'social spending' to support we're on the mend.

There was a time we used to measure the likelihood of recovery by counting the number of containers leaving the ports. I guess those days are long gone.