Interest rate
Barclays: What’s a little interest rate change between friends and a bottle of bolly?
Let me get this straight. Traders at Barclays bank actively manipulated one of the world’s most important interest rates, which affects the mortgage rate millions of people pay on their homes? They did this secretly and deliberately in order to increase their profits? They did this as favours to each other, and promised each other bottles of Bolly in return? They did it so casually that that they said things like “low one million and three million would be nice”? They said things like “dude, I owe you big time”?
By Christina Patterson | Eagle Eye, Notebook, Opinion | Thursday, 28 June 2012 at 1:31 pm
How to rebalance our economy
The economists who object to George Osborne’s policy are both right and wrong. Annoying and perhaps inevitable as this is usually the case in matters of practical economics. I appreciate it requires explanation.
By Sean O'Grady | Econoblog | Monday, 6 June 2011 at 11:45 am
Enter the hawk
Andrew Sentance is the member of the Bank of England’s monetary policy committee who has been calling longest and loudest for an interest rate hike, and he screeched some more yesterday.
By Sean O'Grady | Econoblog | Thursday, 17 February 2011 at 11:31 am
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