Notices

Serious Debates & News Debate and discussion about political, moral, philosophical, celebrity and news topics.

Reply
 
Thread Tools Search this Thread Display Modes
Old 17-09-2020, 10:57 PM #1
arista's Avatar
arista arista is offline
Senior Member
 
Join Date: May 2006
Posts: 165,079
arista arista is offline
Senior Member
arista's Avatar
 
Join Date: May 2006
Posts: 165,079
Default Bank of England moves a step closer to negative rates

[The Bank of England took another step towards
controversial negative rates on Thursday amid
rising Covid infections and a looming unemployment crisis.
The Bank’s Monetary Policy Committee (MPC)
unanimously voted to hold interest rates at their
record low of 0.1pc and kept the scale of its
money printing programme unchanged at £745bn.
However, minutes of the meeting said the MPC
had been briefed on the Bank's plans
“to explore how a negative Bank Rate could
be implemented effectively, should the outlook
for inflation and output warrant it at some point”.

The Bank of England and the Prudential
Regulation Authority “will begin structured
engagement on the operational
considerations” of the move in the
final quarter, the minutes said.
Major central banks including the Bank of Japan,
the Swiss National Bank and
the European Central Bank have already
taken rates below zero, although retail
depositors have been shielded.]


From Friday Telegraph.
Right side of Front Page


Last edited by arista; 17-09-2020 at 11:12 PM.
arista is offline   Reply With QuoteReply With Quote
Old 12-10-2020, 09:14 AM #2
arista's Avatar
arista arista is offline
Senior Member
 
Join Date: May 2006
Posts: 165,079
arista arista is offline
Senior Member
arista's Avatar
 
Join Date: May 2006
Posts: 165,079
Default

Bank of England asks banks if they are ready for negative interest rates





https://www.theguardian.com/business...box=1602493814

Last edited by arista; 12-10-2020 at 09:15 AM.
arista is offline   Reply With QuoteReply With Quote
Old 12-10-2020, 09:21 AM #3
Cherie's Avatar
Cherie Cherie is offline
This Witch doesn't burn
 
Join Date: Oct 2011
Posts: 61,438

Favourites (more):
Strictly 2020: Bill Bailey
BB19: Sian


Cherie Cherie is offline
This Witch doesn't burn
Cherie's Avatar
 
Join Date: Oct 2011
Posts: 61,438

Favourites (more):
Strictly 2020: Bill Bailey
BB19: Sian


Default

Quote:
Originally Posted by arista View Post
Bank of England asks banks if they are ready for negative interest rates





https://www.theguardian.com/business...box=1602493814
so the banks would have to pay us if we take out a loan

__________________


'put a bit of lippy on and run a brush through your hair, we are alcoholics, not savages'
Cherie is offline   Reply With QuoteReply With Quote
Old 12-10-2020, 09:40 AM #4
arista's Avatar
arista arista is offline
Senior Member
 
Join Date: May 2006
Posts: 165,079
arista arista is offline
Senior Member
arista's Avatar
 
Join Date: May 2006
Posts: 165,079
Default

[Woods set a deadline of 12 November – a week after the Bank’s nine-strong monetary policy committee next meets – for banks to respond.]

Some may take cash out of their banks
arista is offline   Reply With QuoteReply With Quote
Old 12-10-2020, 02:24 PM #5
smudgie's Avatar
smudgie smudgie is offline
Senior Member
 
Join Date: Jun 2010
Location: God's own Country
Posts: 24,169

Favourites:
BB18: Raph
X Factor 2013: Abi Alton


smudgie smudgie is offline
Senior Member
smudgie's Avatar
 
Join Date: Jun 2010
Location: God's own Country
Posts: 24,169

Favourites:
BB18: Raph
X Factor 2013: Abi Alton


Default

Quote:
Originally Posted by arista View Post
[Woods set a deadline of 12 November – a week after the Bank’s nine-strong monetary policy committee next meets – for banks to respond.]

Some may take cash out of their banks
Some of us have the perfect excuse to spend spend spend now.
smudgie is offline   Reply With QuoteReply With Quote
Reply

Bookmark/share this topic

Tags
bank, closer, england, moves, negative, rates, step

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 01:57 AM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
 

About Us ThisisBigBrother.com

"Big Brother and UK Television Forum. Est. 2001"

 

© 2023
no new posts