Bank of England Base rate & other news

[Martin@AS Financial]

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

[PhiltheGreek]

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.

[sal]

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 ?!?

[TwoWolves]

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.

[OwlHoot]

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!

[jamesbrown]

How the F is BoE supposed to influence productivity ?!?

Export sas?

[sasguru]

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

[Martin@AS Financial]

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

Report from Bloomberg:

https://www.bloomberg.com/news/artic...hing-discounts

[DoctorStrangelove]

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.

[Martin@AS Financial]

Bank of England raises Bank Rate to 0.75%

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