Firstly, what is a negative interest rate? It is a bond issued by the government or a corporate bond (though less likely and less common) that offers a negative yield. As an example, if a bond cost £100 and the interest rate was negative 1% for a yearly bond, the money you’d get back at Read More …
Month: February 2016
Not So ‘Super Thursday’ – Lets Give Mark Carney Some Real Targets
Yet another consecutive meeting of the Monetary Policy Committee has kept the base rate constant at 0.5%, a phenomenon that’s fast become the norm having stuck at this historic low since March 2009. The base rate is the rate that the Bank of England (BoE) decides it’s willing to lend to other banks. Following the Read More …
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The Looking To Tomorrow Series- Thinking ‘Back To The Future’
I have written before about how regulators and competition regulators are falling at their job of making the economy safer, fairer and productive. These institutions are however keeping the worst of capitalism alive, the bleak and the slow, the outdated and the aged. The issue isn’t due to a ‘small c’ conservatism and a sense Read More …
