bank of england

bank of england

Governor of the Bank of England blames China for continuing UK low interest rates

1d ago
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http://www.illuminatisilver.com Today is Tuesday 19th January 2016 and we are going to briefly cover the Governor of the Bank of England – Mr Mark Carney’s comments about the UK and World economy. Last Thursday the Bank of England decided not to raise interest rates in the UK, noting volatility in global markets and highlighting a sharp fall in oil prices that are likely to keep inflation low. Members of the Bank’s nine-member Monetary Policy Committee (MPC) voted eight to one to leave rates at 0.5%, where they have been since March 2009. Today Mr Carney, expressed his views publicly for the first time since the FED raised their rates from 0.25% to 0.5% last month and conveyed the point that Britain is far more exposed than the US to weaknesses in the global economy, which will squeeze the export sector and prove a drag on inflation. “The world is now weaker and UK growth has slowed. This is no time to make a move”, Mr Carney concludes. Much of the concern centres around China and its fall in growth to 6.9% announced yesterday its slowest rate in 25 years. With the Chinese reducing their interest rates some 5 times in the past year, with commodity prices such as iron ore, wheat and oil continuing to fall and the US attracting foreign currency investment as a result of a stronger dollar, the Governor supported not only to keep rates as they are, but will probably maintain these levels for some time to come. With a UK inflation rate of 0.2% and a target of 2% and the economy at best being fragile one can see why there is no appetite to raise rates. Our conclusion is very clear, world economic growth is fragile and falling. Even the IMF have today cut its global growth forecasts for the third time in less than a year, predicting 3.4 percent growth in 2016 and 3.6 percent in 2017, both years down 0.2 percentage points from the previous estimates made last October; quoting a slowdown in China trade and weak commodity prices that are hammering Brazil and other emerging markets. Please view our recent videos: 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 Gold and Silver Price Manipulation Part 4 of 11 by illuminati silver https://youtu.be/08Wd7WlLxQk Trump & Cruz lead at the Fox News GOP Debate in South Carolina https://youtu.be/lV1jigCh2tI Gold and Silver weekly Round Up - w/e15th January 2016 https://youtu.be/zZ1PY5NIRjA Warning!!! Spectacular Silver Eagle Sales Does Not Necessarily Mean Higher Silver Prices https://youtu.be/wsnhvzycxXg Russia feels pain while it prepares for 'decades' of Low Oil prices. https://youtu.be/NlBhpeFuGLM Oil Prices Plummet as China's Economy and Commodity Markets Fall https://youtu.be/NdB727Fb19Q Gold and Silver Buyers should note carefully what is happening in China https://youtu.be/_zb4Hl5QmpU Gold and Silver Update week ending 7th January 2016 https://youtu.be/s7aD0s5LJis Gold and Silver Price Manipulation Part 2 of 11 by illuminati silver https://youtu.be/v9JmEeTmeAg Gold and Silver Price Manipulation Part 2 of 11 by illuminati silver https://youtu.be/SU5F60uOKNw Gold and Silver Price Manipulation Part 1 of 11 by illuminati silver https://youtu.be/QpchGpxNbq8 China Share Trading Halted after Stock Market Plunges 7% https://youtu.be/VjRTsqelPeM Gold and Silver Price Roundup and Comparison 2015 https://youtu.be/Lk-8TgsUnz4 1 KG Proof Silver Nelson Mandela Commemorative Medallion https://youtu.be/OVO0F3juRts