Bank of England Base rate & other news

[AtW]

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

Cretin Bailey does what the Treasury wants him to

[Guy At Charnock Richard]

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

Yes, as limp wristed as the insults in your replies to some of my posts, Brown.

[jamesbrown]

Yes, as limp wristed as the insults in your replies to some of my posts, Brown.

You must have a dismal existence, Gricer.

[Martin@AS Financial]

An interesting speech from Andrew Bailey on bringing inflation back down to the 2% target:


https://www.bankofengland.co.uk/spee...ervices-dinner

[Martin@AS Financial]

Bank Rate increased to 1.75% - August 2022

Full report here:

https://www.bankofengland.co.uk/mone...22/august-2022

[Martin@AS Financial]

Bank Rate increased to 2.25% - September 2022

Interestingly 5 members voted to increase the base rate by 0.5%, 3 voted to increase by 0.75% and one wanted an increase of 0.25%.

Full report and minutes of the meeting are here:

https://www.bankofengland.co.uk/-/me...ember-2022.pdf

[Zigenare]

Bank Rate increased to 2.25% - September 2022

Interestingly 5 members voted to increase the base rate by 0.5%, 3 voted to increase by 0.75% and one wanted an increase of 0.25%.

Full report and minutes of the meeting are here:

https://www.bankofengland.co.uk/-/me...ember-2022.pdf

The BoE thinks we may already be in recession yet still increases the base rate by 0.5%. Fuqwits

[dsc]

The BoE thinks we may already be in recession yet still increases the base rate by 0.5%. Fuqwits

What else are you expecting them to do when inflation is in double digits and rising?

[Paddy]

What else are you expecting them to do when inflation is in double digits and rising?

Inflation is not driven by consumerism but but energy costs. Increasing interest rates is just going to cause further poverty.

[Zigenare]

What else are you expecting them to do when inflation is in double digits and rising?

It won't increase the supply of goods or fuel though, will it?