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  • Monetary Policy Summary and minutes of the Monetary Policy Committee meeting ending on 3 February 2021

    From bankofengland.co.uk Story is in PDF Format

    The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 3 February 2021, the Committee judged that the existing stance of monetary policy remains appropriate. The MPC voted unanimously to maintain Bank Rate at 0.1%. The Committee voted unanimously for the Bank of England to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £20 billion. The Committee voted unanimously for the Bank of England ... (full story)

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  • Tweet

    From @PriapusIQ

    [tweet=1357299034059333639;1612440281]:gb: Bank of England says the committee was clear that it did not wish to send any signal that it intended to set a negative bank rate at some point in the future - It's all about the optionality, as many of us kept saying https://t.co/OnBHlWQm3C[/tweet]

Added at 7:13am

  • Bank of England says banks need 6 months for any sub-zero rates

    From reuters.com

    Britain’s banks need at least six months to prepare for any cut in interest rates to negative territory, the Bank of England said on Thursday as it kept its stimulus programmes on hold ahead of an economic recovery later this year. The central bank published results from its review of how prepared lenders like HSBC, Lloyds and Barclays would be to implement negative interest rates for the first time. “The Prudential Regulation Authority’s engagement with regulated firms had indicated that implementation of a negative Bank Rate over a shorter timeframe than six months would attract increased operational ... (full story)

Factoring out all the 'known unknowns'. Plus the positive nudge of becoming a net vaccine bank later in the year... a suppressed economy will be coiled and ready to take off.
What is NIRP??
What a big change in the market
Quoting kwanelemsomi
What is NIRP??
Negative Interest Rate Policy
Quoting kwanelemsomi
What is NIRP??
Negative Interest Rate Payment(s)
  •  Guest
  • | IP XXXX:7f3c:1a5f
did you see that jump from 1,131... to 1,135... in a matter of 2 seconds 2 seconds before the news was announced?
Another words We will wait and see............
Gbp to 1.45
Wait for..... It will sell off
Quoting kwanelemsomi
What is NIRP??
Negative Interest Rate Policy - NIRP
  •  Guest
  • | IP XXXX:f7ef:1929
So the whole gbp weaking throughout half a day was only for the well-informed to buy low. Congrats.
Quoting Hassa9
Gbp to 1.45
when
Quoting Nash86
Wait for..... It will sell off
Nothing substantial in all this blah, blah. Agree Nash GBP will sell off, maybe a.s.a tonight.
Draw on hour a line graph and check the channel down.
GBP is always in orgasmic rapture for no reason.

Most manipulated currency in the world
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