For the umpteenth time the MPC left rates, parameters and monetary policy unchanged. However, this time they offered a lifeline to the banks on CRR, with a conditional refund package.
The banks must be willing to lend for 7 years with a 2-year pass (moratorium) in return for accessing their own money. Some say it’s robbing Peter to pay Paul.
In the attached slides, the impact and implications of the decision on your business and the overall economy are dimensioned.
Do enjoy your read…