Eat shit and die you detestable inflationista zombie assholes…
The Monetary Policy Committee voted unanimously to keep interest rates at 0.1% and by a majority of 7-1 to maintain the amount of quantitative easing at £895bn. https://t.co/gZfLBg8Gqh #MonetaryPolicyReport #BankRate pic.twitter.com/IEjOh9YHsh
— Bank of England (@bankofengland) August 5, 2021
Big fat 'meh' from the market
ReplyDeleteYeah Neil but you guys 10-yr is 0.5%…
ReplyDeleteThe inflationistas are looking for nuggets in the release - calling the decision 'split' and that the statement about how to unwind QE means interest rates are going to go up.
ReplyDeleteThe BoE will reduce its balance sheet by ceasing to reinvest the funds from maturing bonds when interest rates reach 0.5pc and start actively selling bonds when interest rates reach 1pc in order to tighten policy.
Oh yeah the stamp duty relaxation best scam yet on top of the following!
ReplyDelete"House prices more expensive relative to earnings than they've been in a 120 years."
https://www.schroders.com/en/uk/private-investor/insights/markets/what-174-years-of-data-tell-us-about-house-price-affordability-in-the-uk/