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MSE News: VAT rise triggers inflation hike
Comments
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inspector_monkfish wrote: »Banks don't borrow from BOE at 0.50%
0.50% is what the BOE pay Banks when they deposit money overnight with them.
I am sure I have read they can borrow overnight at the same rate?
May be wrong (the rate may be higher) but I am sure I have read banks could fund day to day liquidity through the BOE (although it use to be a last resort as interbank would have been cheaper.)0 -
I am sure I have read they can borrow overnight at the same rate?
May be wrong (the rate may be higher) but I am sure I have read banks could fund day to day liquidity through the BOE (although it use to be a last resort as interbank would have been cheaper.)
i'd need to check, but i believe the borrowing rate is currently something like 'base rate plus 2pct'
i'll have a dig around and get back to youPlease take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
just asked a few people, and it seems that a bank can only currently borrow from BoE as long as they have some collateral parked with them.
and the rate is only 'base rate + 0.25pct'
but if you haven't got the collateral there, you can't use the facilityPlease take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
inspector_monkfish wrote: »i'd need to check, but i believe the borrowing rate is currently something like 'base rate plus 2pct'
i'll have a dig around and get back to you
Don't worry about it I knew they could borrow but was unsure at the rate.
It sounds about right as it is in reality going to be higher than interbank rates.
Edit.
You have bothered, Cheers
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when is the RPI for Feb 2010 announced please?0
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pool-hustler wrote: »when is the RPI for Feb 2010 announced please?
23rd March0 -
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that can't be right cos Jan's is already announced.?0
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pool-hustler wrote: »that can't be right cos Jan's is already announced.?
I don't know why it's so late in the month but it's definitely correct. It's mentioned on the bottom of this page.0
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