Tag: monetary policy committee
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Bank Chief Warns of Repossession Tsunami and Recommends ‘Tough Love’ Approach – Who’s Getting the Tough and Who’s Getting The Love?
Read the article: Bank Chief Warns of Repossession Tsunami and Recommends ‘Tough Love’ Approach – Who’s Getting the Tough and Who’s Getting The Love?The Chief Executive of one of the UK’s largest lenders has warned that, when interest rates go up, the number of repossessions could become a ‘tsunami’. All this just a day after the Bank of International Settlements (which I’ve seen described as ‘the Central Bank for Central Banks’) said that the policy of the Bank…
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Bank of England Announces Base Rate Won’t Go Up for Three Years
Read the article: Bank of England Announces Base Rate Won’t Go Up for Three YearsThe Bank of England’s new governor announced that the Bank of England’s Base Rate was going to stay at its current historical low for the next three years, at least, earlier this month. What does this mean for you?
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