bank of england

bank of england

Bank of England Holds Rates at 0 5% because of economic slowdown and low inflation

3d ago
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Bank of England Holds Rates at 0 5% because of economic slowdown and low inflation http://www.illuminatisilver.com http://www.facebook.com/illuminatisilver Today is Thursday 4th February 2016 and we are looking at the reasons why the Bank of England voted 9-0 against raising UK Interest Rates today. Last month we announced that the Bank of England voted 8-1 against raising interest rates from its current 0.5% and the reasons for doing so. Well today it voted 9-0 to maintain the current rate and here are the reasons given literally only an hour or so ago. The Bank highlighted that the recent sharp sell-off in global stock markets and investors’ jitters about a slowdown in China caused even Ian McCafferty (1 of the 9 members of the Bank of England’s Monetary Policy Committee) to drop his vote for a rate rise. He had voted against the eight other members of the Monetary Policy Committee (MPC) since last August but this month agreed with his colleagues that it was too soon to raise interest rates from 0.5%, where they have been for almost seven years. The Bank of England has warned that the UK economy is weaker than three months ago, but still expects interest rates to rise, and not fall. The effect of this announcement and a weaker dollar over the past 2 days has caused gold to rise in sterling terms today by 1.5% and in dollar terms by 2% and silver has also risen by 2.5% in sterling terms and 3.2% in dollar terms with gold standing at $1153 and silver at $14.88. As we mentioned in our weekly update last Saturday that if silver should break the $14.60 resistance level, then we can expect to see silver migrate to the $15 level which is exactly what is currently occurring. Please view our recent videos: China to launch its own Government Backed digital currency in 2016 https://youtu.be/_jxfeE5vjFQ Who really won Iowa - Cruz - No - Trump - No - Rubio - Yes https://youtu.be/SCftCUn2xiY Gold and Silver weekly update for w/e 29th January 2016 - by illuminati silver https://youtu.be/hDrJrr0bPJo Fed January 2016 announcement makes March Interest Rate rise less likely https://youtu.be/nFOa6zo0KAE Remember It's not all about numbers by David Pannizzutti - an illumnati silver subscriber https://youtu.be/lTZSjQP-ROU Why I Buy Silver in 2016 - An American Boomer's Perspective - by an illuminati silver subscriber https://youtu.be/HctayjWa_WU The Functionality of Full Reserve Banking https://youtu.be/U29io8uyI60 Gold and Silver Update w/e 22nd January 2016 by illuminati silver https://youtu.be/mqZQlGCsGAM Illuminati Silver Launches New Face Book Page at www. facebook. com/illuminatisilver https://youtu.be/1OpJr4aZd14 This is Bill - Bill is Smart - Be Like Bill - Support illuminati Silver https://youtu.be/-G6EjOCRXTc illuminati silver - First 110 videos - Part 2 (and even more nice music) https://youtu.be/euXhINcEFas illuminati silver - First 110 videos Part 1 (and some nice music) https://youtu.be/q-et_Iuc_10 Gold and Silver Price Manipulation - Part 5 of 11 - by illuminati Silver https://youtu.be/KpFpSIFC-fc Sarah Palin Backs Donald Trump's Campaign https://youtu.be/mPSnBXilZbg Governor of the Bank of England blames China for continuing UK low interest rates https://youtu.be/JSdFiY69A1E Donald Trump is not banned from Britain – a relieved US Hears Today https://youtu.be/VY-9L0_Knic Will 2016 witness the economic collapse of China? https://youtu.be/20KEYq5uVTM