Originally posted by DealorNoDeal
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Bank of England Base rate & other news
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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
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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" JRComment
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Originally posted by SueEllen View PostThey admitted a couple of days ago in the press that increasing interest rates would do SFA to deal with inflation.
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
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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
"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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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
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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-2022Comment
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Hardly. A 0.25% increment is a very limp responses indeed, especially in light of the Fed's 0.75% yesterday.Comment
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Originally posted by jamesbrown View PostHardly. A 0.25% increment is a very limp responses indeed, especially in light of the Fed's 0.75% yesterday.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by d000hg View PostMy 5 year fixed mortgage is looking great these days!Comment
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