-
Monetary Policy Summary and minutes of the Monetary Policy Committee meeting ending on 3 February 2021
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)
-
BANK OF ENGLAND SAYS THE COMMITTEE JUDGED THAT THE EXISTING STANCE OF MONETARY POLICY REMAINS APPROPRIATE #News #Forex #ENGLAND
— Capital Hungry (@Capital_Hungry) February 4, 2021
-
BANK OF ENGLAND MPC VOTES UNANIMOUSLY TO MAINTAIN GILT PURCHASE TARGET #News #Forex #ENGLAND
— Capital Hungry (@Capital_Hungry) February 4, 2021
-
Bank of England says banks need 6 months for any sub-zero rates
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)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Feb 4, 2021 7:09am Feb 4, 2021 7:09am
- Lamplighter
- | Joined Sep 2017 | Status: Member | 1006 Comments
- Comment #2
- Quote
- Feb 4, 2021 7:11am Feb 4, 2021 7:11am
- kwanelemsomi
- | Joined Mar 2020 | Status: OG | 61 Comments
- Comment #3
- Quote
- Feb 4, 2021 7:12am Feb 4, 2021 7:12am
- Miracle80
- | Joined Sep 2020 | Status: Junior Member | 2 Comments
- Comment #4
- Quote
- Feb 4, 2021 7:14am Feb 4, 2021 7:14am
- SebyID81
- | Joined Nov 2020 | Status: Junior Member | 1 Comment
- Comment #5
- Quote
- Feb 4, 2021 7:14am Feb 4, 2021 7:14am
- Lamplighter
- | Joined Sep 2017 | Status: Member | 1006 Comments
- Comment #6
- Quote
- Feb 4, 2021 7:14am Feb 4, 2021 7:14am
- Guest
- | IP XXXX:7f3c:1a5f
- Comment #7
- Quote
- Feb 4, 2021 7:15am Feb 4, 2021 7:15am
- Fix-it
- | Joined Oct 2019 | Status: Member | 119 Comments
- Comment #8
- Quote
- Feb 4, 2021 7:24am Feb 4, 2021 7:24am
- Hassa9
- | Joined Dec 2019 | Status: Member | 249 Comments
- Comment #9
- Quote
- Feb 4, 2021 7:36am Feb 4, 2021 7:36am
- Nash86
- | Joined May 2018 | Status: Member | 4 Comments
- Comment #10
- Quote
- Feb 4, 2021 7:50am Feb 4, 2021 7:50am
- Ibmc
- | Joined Mar 2012 | Status: Member | 3 Comments
- Comment #11
- Quote
- Feb 4, 2021 8:04am Feb 4, 2021 8:04am
- Guest
- | IP XXXX:f7ef:1929
- Comment #12
- Quote
- Feb 4, 2021 8:17am Feb 4, 2021 8:17am
- hkg_paul
- Joined May 2011 | Status: Member | 1069 Comments
- Comment #13
- Quote
- Feb 4, 2021 11:51am Feb 4, 2021 11:51am
- Bakker
- Joined Jun 2011 | Status: Member | 3248 Comments
- Comment #14
- Quote
- Feb 4, 2021 12:01pm Feb 4, 2021 12:01pm
- CashRel
- | Joined Sep 2020 | Status: Member | 170 Comments