Discover and read the best of Twitter Threads about #BankRate

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The Monetary Policy Committee voted by a majority of 8-1 to increase #BankRate to 1.75%. Find out more in our #MonetaryPolicyReport: b-o-e.uk/MPR-Aug-2022
Inflation is over 9%. We expect it to rise further this year to around 13%, due to higher energy bills. b-o-e.uk/MPR-Aug-2022 #MonetaryPolicyReport #Inflation
We know the cost of living squeeze is difficult for many people. The squeeze on households’ incomes due to the rise in energy prices has led to slower growth in the UK economy. We expect the size of the UK economy to fall over the coming year. b-o-e.uk/MPR-Aug-2022
Read 5 tweets
The Monetary Policy Committee voted by a majority of 5-4 to increase #BankRate to 0.5% and voted unanimously to begin to reduce the amount of quantitative easing. Find out more in our #MonetaryPolicyReport: b-o-e.uk/MPR-Feb-2022
Inflation is above our 2% target. We expect it to rise to around 7% in the spring, but then fall back and be close to our 2% target in around two years’ time. b-o-e.uk/MPR-Feb-2022 #MonetaryPolicyReport #Inflation
The UK economy continues to recover. We expect the UK economy to grow over the next few years. b-o-e.uk/MPR-Feb-2022 #MonetaryPolicyReport
Read 4 tweets
RBI credit policy on 4thDec raised GDP forecast for FY21,from minus 9.5% to minus 7.5%;GDP growth will turn +ve in Q3 at 0.1%&0.7% in Q4

Remarkable speed of the turnaround amidst worst pandemic in 102yrs has lots to do with @narendramodi govt's blistering pace of Agri #Reforms💪
CPI in Sep&Oct'20 came in at 7.3%&7.6% and that is precisely why RBI did not lower rates&rightfully so

WPI came at 1.32%&1.48% in Sep&Oct 2020

Supply disruptions&labour shortages,key reasons for high CPI

CPI will fall to 6.8% in Dec&5.8% in Jan2021

Accommodative stance by RBI
Inflation target for 1HFY22 by RBI has been kept@4.6-5.2% range

Core inflation is sticky,feeding into high inflationary expectations but resumption of normality will ease supply bottlenecks&ease #Core

#Accommodative stance leaves window open for rate cuts,albeit not immediately
Read 5 tweets
#RBI cut by 40bps each of these👇
#Repo rate to 4%
#ReverseRepo to 3.35%
#BankRate to 4.25%

Decision was reached after 5:1 vote,with #ChetanGhate,lone voice calling for 25 bps cut

#MPC meet was held ahead of schedule from 3rd-5th,June

#EMI #moratoroum extended by 3 more months
Moratorium extension till 31st August 2020,is both timely &reflective of @narendramodi govt's alacrity--Big relief to #MiddleClass

Measure to convert #moratorium interest payment into #TermLoan payable in FY21,is helpful

This will reduce #NPAs &stress on banks' balance sheets
#RBI's cut in #Repo will reduce cost of funds&extension of #moratorium will be supportive of financial stability;#Rates across #YieldCurve will move lower from current levels

Fall in #ReverseRepo rate will disincentivise banks from #hoarding #liquidity&coax them to lend

#Covid
Read 10 tweets

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