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Bank of England Base rate & other news

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    Originally posted by DealorNoDeal View Post
    Like rearranging the deckchairs on the Titanic?
    I'm always hearing that phrase, but if they'd rearranged them and tied them together into big rafts, dozens more passengers might have been saved. So it isn't as futile as it sounds
    Work in the public sector? Read the IR35 FAQ here

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      Bank Rate increased to 1%

      Interestingly this was voted for by a majority of 6-3. Those in the minority wanted to put in place an increase of 0.5% which would have meant a new base rate of 1.25%.


      Full report here:

      https://www.bankofengland.co.uk/mone.../2022/may-2022

      Comment


        They admitted a couple of days ago in the press that increasing interest rates would do SFA to deal with inflation.
        "You’re just a bad memory who doesn’t know when to go away" JR

        Comment


          Originally posted by SueEllen View Post
          They admitted a couple of days ago in the press that increasing interest rates would do SFA to deal with inflation.
          They'd have to set them so high to have any effect that it would kill the economy.

          Having said that, the economy is probably on thin ice anyway.
          Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.

          Comment


            Originally posted by OwlHoot View Post

            I'm always hearing that phrase, but if they'd rearranged them and tied them together into big rafts, dozens more passengers might have been saved. So it isn't as futile as it sounds
            The area of timber for deckchair is very small and it would need about ten chairs per person. In any event, a person would be partially submerged in the water and die within ten minutes due to the ice cold water.

            "A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George Orwell

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              The route back to 2% inflation − speech by Michael Saunders

              It's a bit of a read but it's an interesting speech from Michael Saunders who is a member of the Monetary Policy Committee:

              https://www.bankofengland.co.uk/spee...undation-event

              Comment


                Bank Rate increased to 1.25% - June 2022

                The BOE is again demonstrating that the 2% inflation target is the most important thing on their agenda. The increase was voted for convincingly at 6/3.

                Full story here:

                https://www.bankofengland.co.uk/mone...2022/june-2022

                Comment


                  Hardly. A 0.25% increment is a very limp responses indeed, especially in light of the Fed's 0.75% yesterday.

                  Comment


                    Originally posted by jamesbrown View Post
                    Hardly. A 0.25% increment is a very limp responses indeed, especially in light of the Fed's 0.75% yesterday.
                    My 5 year fixed mortgage is looking great these days!
                    Originally posted by MaryPoppins
                    I'd still not breastfeed a nazi
                    Originally posted by vetran
                    Urine is quite nourishing

                    Comment


                      Originally posted by d000hg View Post
                      My 5 year fixed mortgage is looking great these days!
                      It is only going to look better as time progresses...

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