MPC LEAVES BANK RATE UNCHANGED BUT ISSUES STATEMENT

February 20, 2013

The MPC maintained its current policy stance at its February meeting leaving the Bank Rate at 0.5% and the asset purchase target at £375 billion. Unusually for a no change decision however, the MPC issued an accompanying statement, the main … Continue reading

LMMA ANNOUNCES JOINT INITIATIVE TO INTRODUCE CLEARED TERM DBV

January 24, 2013

The London Money Market Association (LMMA) can announce today that a joint initiative has been agreed in principle between Euroclear UK and Ireland Limited (EUI) and LCH.Clearnet Group (LCH), the London Money Market Association (LMMA) and gilt repo participants, to … Continue reading

JOINT INITIATIVE TO INTRODUCE A CLEARED TERM DELIVERY-BY-VALUE SERVICE

January 24, 2013

Euroclear UK & Ireland Ltd. (EUI)1 and LCH.Clearnet Ltd (LCH.Clearnet)2, together with the London Money Market Association (LMMA)3 and gilt repo market participants, are working on a joint initiative to introduce and adopt a new service to centrally clear and … Continue reading

UK PUBLIC FINANCE FIGURES FOR DECEMBER 2012 MEET MARKET FORECASTS

January 22, 2013

The UK public finance figures released today show that December’s deficit stood at £15.4bn against a market consensus of £15.2bn. Back revisions make today’s announcement look modestly better but also show the challenge faced by the Chancellor in meeting the … Continue reading

ECB RATES HELD AS ANTICIPATED

January 10, 2013

The ECB’s Governing Council today decided to maintain policy, holding the refinancing rate at 0.75% and the deposit rate at zero. ECB President Draghi stated that the decision was unanimous amid speculation that several Council Members may have called for … Continue reading

MPC LEAVES BANK RATE UNCHANGED @ 0.5%

January 10, 2013

In their first meeting of 2013, the MPC decided to hold the Bank Rate at 0.5% and the asset purchase target at £375bn. The question of any further easing will depend on the future path of inflation and any further … Continue reading

BANK OF ENGLAND MAINTAINS BANK RATE AT 0.5%

December 6, 2012

The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5% and also voted to maintain the size of the Asset Purchase Programme at £375 billion. The minutes of the … Continue reading

ECB HOLDS REFINANCING RATE @ 0.75%

December 6, 2012

As widely expected, the ECB’s Governing Council (GC) has decided to hold its main refinancing rate at 0.75%, the deposit rate at zero and the marginal lending rate at 1.5%. However, the GC’s projections for economic growth have been downgraded … Continue reading

Financial Stability Report

November 29, 2012

The Bank of England’s Financial Stability Report was released today. The report is published twice a year under the guidance of the interim Financial Policy Committee. It covers the Committee’s assessment of the outlook for the stability and resilience of the … Continue reading

The Government publishes its public consultation on the regulation of the London Interbank Offered Rate (LIBOR)

November 28, 2012

The consultation seeks the views of industry and the public on legislation to implement the key recommendations of the Wheatley review of LIBOR which the Government accepted in full last month. The consultation paper invites comment on two pieces of … Continue reading

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    MPC HOLDS RATES…………FOR NOW

    February 8, 2018

    Bank of England’s Monetary Policy Committee (MPC) today left Bank Rate and QE unchanged, as widely if not universally expected. What was unexpected was the latest “forward guidance” that the next rate increase is likely to happen sooner than later … Continue reading

    CONTACT US

    London Money Market Association,
    Warnford Court, 29 Throgmorton Street, London, EC2N 2AT
    Email: Ian.Mair@LMMA.org.uk
    Telephone: 020 7947 4916 (Switchboard)
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    Email - Ian.Mair@LMMA.org.uk