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Complete idiot in charge of the UK's central bank Anonymous Mon Sep 26 16:11:24 2022 No.51642458 [Reply] [Original]

> government made tax cuts during a time of inflation which has caused a mass GBP selloff
> BoE hint that they are ready to step in (i.e. raise rates by 1%)
> GBP recovers, pricing this increase in
> Andrew Bailey, Governor of the central bank decides since GBP has recovered already, there will be no increase in rates.
> GBP tanks again.

>>	Anonymous Mon Sep 26 16:12:58 2022 No.51642487 >>51642458 The UK smells like BRAAAAAP

>>	Anonymous Mon Sep 26 16:17:58 2022 No.51642556 >>51642458 they had 12 years to normalise rates. and so here we are

>>	Anonymous Mon Sep 26 16:20:05 2022 No.51642590 >>51642458 Implying that anyone is to blame for this. Our government is leading us as competently as they can, this crash was unavoidable when the voting public committed national suicide by voting to leave the EU.

>>	Anonymous Mon Sep 26 16:23:19 2022 No.51642641 >>51642590 And coincidentally exactly coinsided with the mini-budget announcement.

>>	Anonymous Mon Sep 26 16:23:21 2022 No.51642642 File: 7 KB, 199x254, worry.jpg [View same] [iqdb] [saucenao] [google] >>51642590 >Our government is leading us as competently as they can

>>	Anonymous Mon Sep 26 16:26:25 2022 No.51642687 >>51642642 Since you're much smarter than the Oxford educated people in charge tell us exactly how you would solve the situation.

>>	Anonymous Mon Sep 26 16:27:11 2022 No.51642701 Now the British government has no more overseas subjects to starve they will start starving British people.

>>	Anonymous Mon Sep 26 16:27:38 2022 No.51642708 >>51642458 overleveraged countries have to be liquidated. thats how it is, tough luck being bredish

>>	Anonymous Mon Sep 26 16:30:00 2022 No.51642750 File: 75 KB, 1600x898, 3453253425.jpg [View same] [iqdb] [saucenao] [google] >>51642590 "as competently as they can"

>>	Anonymous Mon Sep 26 16:33:25 2022 No.51642818 >>51642687 you wouldn't like the answer

>>	Anonymous Mon Sep 26 16:34:24 2022 No.51642838 HONK HONK

Anonymous Mon Sep 26 16:38:23 2022 No.51642923

>>51642556
The BoE has just been far too timid and tried to stick to business as usual when they should have increased rates more aggressively at an earlier stage. Immediately after the fed raised rates 0.75 points to 3.25%, and in the full knowledge that the government was about to announce a big old splurge of tax cuts and borrowing, they opted for a flimsy 0.5 point increase up to a 2.25% rate. The markets had already priced in 0.75 points, it was a fucking retarded move and set the ball rolling on this whole shitshow. If they'd done something aggressive like stick in a full 1 point rise a week ago then the pound would probably have been strengthening (at least compared to most currencies) when Kwarteng made his statement, and the markets wouldn't really have blinked. Now they're probably going to have to jack them up by at least that much, and instead of it looking like they're on top of things, it just looks like they're in a blind panic. >>51642458 is right, Bailey is the biggest moron involved in this situation.

>>	Anonymous Mon Sep 26 16:39:33 2022 No.51642943 File: 44 KB, 674x293, 1640427202025.jpg [View same] [iqdb] [saucenao] [google] blimey

>>	Anonymous Mon Sep 26 16:40:03 2022 No.51642959 >>51642458 this sounds like it is being done on purpose.

>>	Anonymous Mon Sep 26 16:44:40 2022 No.51643058 >>51642687 lift the sanctions, fuck ukraine, give an offer to all the brownies in the country, go back to their countries or get shot in the head, issues solved for the next 100 years

>>	Studland Mon Sep 26 16:45:38 2022 No.51643074 Reminds me of Gordon Brown selling half of british gold reserves in 1999-2001 at the very bottom. What a wanka.

>>	Anonymous Mon Sep 26 16:46:34 2022 No.51643082 >>51642590 >Our government is leading us as competently as they can Of course! Just in their interests, not in yours. The blood of the cattle is a good fertilizer, if you know what I mean.

>>	Anonymous Mon Sep 26 17:08:00 2022 No.51643465 >>51643058 kek

>>	Anonymous Mon Sep 26 17:30:41 2022 No.51643954 >>51642458 He fucked his way into that job Ahahaha Any Russian anons with the orbital deathray controls? You'd be doing us and likely the world a favour if you turn London into a carpark

>>	Anonymous Mon Sep 26 17:31:43 2022 No.51643982 >>51642590 >Our government is leading us as competently as they can Can't argue with that

>>	Anonymous Mon Sep 26 19:30:10 2022 No.51646345 >>51643058 When and where can I cast my vote for you?

>>	Anonymous Mon Sep 26 19:37:30 2022 No.51646488 >>51643982 kek

>>	Anonymous Mon Sep 26 19:45:49 2022 No.51646636 >>51642458 jawboning the markets is a central banker's favorite tool, they love lying

>>	Anonymous Mon Sep 26 19:51:28 2022 No.51646714 >>51642590 >>51642687 Imagine being this fucking stupid This anon unironically allowed to vote ffs Probably voted for brexit and the tories like a retarded sheep

>>	Anonymous Mon Sep 26 22:16:45 2022 No.51649478 >>51642687 Oxford is for people who couldn't get into Cambridge, lad.

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