M21er Posted May 9, 2013 Share Posted May 9, 2013 (edited) Duplicate Edited May 9, 2013 by M21er Quote Link to comment Share on other sites More sharing options...
Guest eight Posted May 9, 2013 Share Posted May 9, 2013 Duplicate Save that one for next month. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted May 9, 2013 Share Posted May 9, 2013 No change to IRs / QE I'm still quite amazed they stopped the Q.E. ( shortly after the queens visit to the BoE and No10. ) . How are they funding their borrowing ? Do they have a reserve they are using before the start again ? maybe everything is fixed Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted May 9, 2013 Author Share Posted May 9, 2013 I'm still quite amazed they stopped the Q.E. ( shortly after the queens visit to the BoE and No10. ) . How are they funding their borrowing ? Do they have a reserve they are using before the start again ? maybe everything is fixed Isn't there the option they are just continuing to print but just doing it in secret? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted May 9, 2013 Share Posted May 9, 2013 I'm still quite amazed they stopped the Q.E. ( shortly after the queens visit to the BoE and No10. ) . How are they funding their borrowing ? Do they have a reserve they are using before the start again ? maybe everything is fixed The DMO auctions debt every month on the open market. Foreign Central Banks buy a lot of it for non-commercial reasons i.e. to keep the circle-jerk going. The remit for this year is £155.7bn, up £6.7bn on 2012-13. Progress against that remit is given here . As of 24th April they'd shifted just under £10bn. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted May 9, 2013 Share Posted May 9, 2013 Benign inflation figures are now being cited as a reason for more printing. So if the economic numbers look bad we get QE. And if the economic numbers look good.... we get QE! A perfect alibi for all occasions - when QE's real purpose is to fund Osborne's colossal spending habit. Howard Archer, economist at IHS Global Insight, reckon's today's vote at the Bank of England may have been very close. For the past three months, the MPC was split 6-3 on whether to hold QE or increase it. Archer suspects today's vote may have been 5-4, with Martin Weale joining the doves calling for an extra £25bn of electronic money. Given his recent comments on more benign inflation developments resulting from lower oil and commodity price as well as ongoing low earnings growth, it is very possible that Martin Weale could have joined the three MPC members led by Mervyn King who have been voting for more QE since February. Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted May 9, 2013 Share Posted May 9, 2013 The DMO auctions debt every month on the open market. Foreign Central Banks buy a lot of it for non-commercial reasons i.e. to keep the circle-jerk going. The remit for this year is £155.7bn, up £6.7bn on 2012-13. Progress against that remit is given here . As of 24th April they'd shifted just under £10bn. Is that the tax year? Starting on April 6? Quote Link to comment Share on other sites More sharing options...
WSG Posted May 9, 2013 Share Posted May 9, 2013 It's that time of the month again. We need a sweepstake - which month will the rate increase? July 2015 for me. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted May 9, 2013 Share Posted May 9, 2013 Is that the tax year? Starting on April 6? April to April, yes. Fresh expectations of the govt's debt requirements are released by the DMO every 6 months, but new gilt issuance can be arranged at any time. In March '08 the expectation was for annual sales of £80bn in '08-09. Ultimately £146bn of gilts were sold that fy. Clearly, the UK's debt emergency is far from over. Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted May 10, 2013 Share Posted May 10, 2013 April to April, yes. Fresh expectations of the govt's debt requirements are released by the DMO every 6 months, but new gilt issuance can be arranged at any time. In March '08 the expectation was for annual sales of £80bn in '08-09. Ultimately £146bn of gilts were sold that fy. Clearly, the UK's debt emergency is far from over. Thanks Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted June 6, 2013 Author Share Posted June 6, 2013 http://www.bbc.co.uk/news/business-22796832 bumpty bump bump. Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted June 6, 2013 Share Posted June 6, 2013 Bye, bye Merv. It's the end of an error. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted June 6, 2013 Share Posted June 6, 2013 Bye, bye Merv. It's the end of an error. And the start of the next. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted July 4, 2013 Author Share Posted July 4, 2013 Bump. Quote Link to comment Share on other sites More sharing options...
M21er Posted July 4, 2013 Share Posted July 4, 2013 Bump. No Change - Next decision 1 August 2013 Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted July 4, 2013 Share Posted July 4, 2013 wot...no recovereh? just Carney Blarney? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted August 1, 2013 Author Share Posted August 1, 2013 http://www.bbc.co.uk/news/business-23532321 It's that comedy day of the month again. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted August 1, 2013 Share Posted August 1, 2013 "One of these months Rodney, one of these months...." Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted August 1, 2013 Share Posted August 1, 2013 "One of these months Rodney, one of these months...." Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted August 1, 2013 Share Posted August 1, 2013 Still not hit the print button, or should I say still not increased the asset purchase scheme funds from £375Bn. Quote Link to comment Share on other sites More sharing options...
koala_bear Posted August 1, 2013 Share Posted August 1, 2013 Still not hit the print button, or should I say still not increased the asset purchase scheme funds from £375Bn. QE is not the only print button, there are printing methods currently underway: HTB, FLS and the former SLS and CGS before them. "Print Different " Quote Link to comment Share on other sites More sharing options...
FreeTrader Posted August 1, 2013 Share Posted August 1, 2013 Put 10:30 am next Wednesday in your diary. Mark Carney will be delivering the August Inflation Report, and at the press conference he'll be outlining the MPC's assessment of the use of thresholds and forward guidance in the setting of monetary policy. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted August 1, 2013 Share Posted August 1, 2013 QE is not the only print button, there are printing methods currently underway: HTB, FLS and the former SLS and CGS before them. "Print Different ™" the best one is forebearance on capital ratios. Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted August 1, 2013 Share Posted August 1, 2013 Put 10:30 am next Wednesday in your diary. Mark Carney will be delivering the August Inflation Report, and at the press conference he'll be outlining the MPC's assessment of the use of thresholds and forward guidance in the setting of monetary policy. Thanks FT. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted August 1, 2013 Share Posted August 1, 2013 (edited) Put 10:30 am next Wednesday in your diary. Mark Carney will be delivering the August Inflation Report, and at the press conference he'll be outlining the MPC's assessment of the use of thresholds and forward guidance in the setting of monetary policy. The mods can pin the thread! Edited August 1, 2013 by Ash4781 Quote Link to comment Share on other sites More sharing options...
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