Thursday, July 14, 2016
BoE does not cut rates
I suppose SHE is still happy... still sitting on OUR "money!".
At least savers will maintain any pittance risk free return they are currently receiving which at least won't hurt.
Seems like there may be some sort of convergence of this so-called "monetary policy" between the US and the UK at this point; which imo is a nascent view towards higher rates.