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Ignitionnet · 04-08-2016, 12:05

Interest rates lowered to 0.25%, MPC forecasting rates to go to 'close to, but a little above, zero' by end of year.

£60 billion of new QE to buy government debt, £10 billion to purchase corporate bonds, up to £100 billion to support lending.

Seems the BoE are indeed somewhat 'chilled'.

EDIT: This is going to harm pensions and investments further as gilt yields have dropped considerably already.

EDIT 2: In better news while the BoE are 'chilled' they are not predicting recession, just slower growth, which is not as bad as it could have been.

04-08-2016, 12:05	#1440
Ignitionnet Inactive Join Date: Jun 2008 Location: Leeds, West Yorkshire Age: 47 Posts: 13,995	Re: Post-Brexit Thread Interest rates lowered to 0.25%, MPC forecasting rates to go to 'close to, but a little above, zero' by end of year. £60 billion of new QE to buy government debt, £10 billion to purchase corporate bonds, up to £100 billion to support lending. Seems the BoE are indeed somewhat 'chilled'. EDIT: This is going to harm pensions and investments further as gilt yields have dropped considerably already. EDIT 2: In better news while the BoE are 'chilled' they are not predicting recession, just slower growth, which is not as bad as it could have been. Last edited by Ignitionnet; 04-08-2016 at 12:18.