The Bank Of England Keeps Its Benchmark Interest Rate At A Historic Low.

Under the background of global central bank collective easing, the Bank of England has no unified views on monetary policy prospects.

Andrew Haldane, chief economist of the Bank of England, said in mid March that the probability of raising interest rates and cutting interest rates in Britain was close to equal.

But at the end of March, President Carney attended a seminar held by the Bundesbank that the next adjustment of the benchmark interest rate would be a rate hike.

Recent British data show that the fundamentals of the UK are relatively stable, while political factors are the biggest potential risks in the short term.

During the week, the UK's service sector PMI rose to 58.9 in March, with a forecast value of 57, a pre value of 56.7, while the UK manufacturing industry PMI in March was 54.4, with an expected value of 54.3 and a pre value of 54.1.

The market price of the option market is one month.

Implied volatility rose to 13.60%, the highest level since September 2011.

As the May 7th election day approached,

The cost of sharply fluctuating risk jumps.

Recent polls show that the support rate of the ruling Conservative Party and the British opposition Labour Party is very close.

There may be no majority party parliament, and it indicates that uncertainty will last for a long time.

On Thursday, the Bank of England released the latest interest rate resolution, keeping the benchmark interest rate 0.5% and the asset purchase scale unchanged at 375 billion pounds, just as the market expected.

Since the outbreak of the global financial crisis, the Bank of England has kept the benchmark interest rate at a record low of 0.5%.

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A major problem in Japan is that there is very little social security for the above circumstances.

In the past, workers were protected by the company after entry.

After retirement, family members are provided.

But now, the number of informal workers with young people is increasing.

The financial situation of these people is unstable.

More and more single families can not afford high medical expenses.

According to data released by Japan's Ministry of health and labour 1, in January this year, the total number of families receiving minimum living security was 1618817, a record high of 621 households.

The number of people receiving minimum allowances increased by 81, a total of 2170242, which is second higher in history.

At the same time, the wealthy benefited from the easing policy became richer and richer.

Some experts said that the Bank of Japan's balance sheet has almost doubled since the announcement of a record stimulus measure by Kuroda Higashihiko, governor of Bank of Japan 2013 in April, and the Japanese yen has also depreciated by about 20% against the US dollar.

However, Japanese rich people have made substantial gains in their stock market because of their substantial assets.

According to Nomura Research Institute, the number of households in Japan rose by 24.3% in 2013 and their total assets rose by 28.2% in 2011.

Nomura said that most of the assets of each household were either placed in banks or withdrawals.

But the wealth of rich people, such as real estate, stocks or bonds, is faster than existing banks.

The Japanese times commented that Andouble economics was bragging about Japan's economic strength and told people that it was not a special preferential treatment for the poor, disadvantaged or poverty-stricken areas in the course of economic development. Rather, it was the preferential development of groups or regions that benefited poor classes or regions through consumption, employment and so on, and promoted their development and affluence, or thought that the government financial subsidies could go through the big enterprises and then flow into the hands of small businesses and consumers to better promote economic growth theory, so as to reduce the gap between the rich and the poor.

But such an approach can not solve the problem.

Only by improving the economy can we solve the social situation of inequality.

Earlier this month, known as "the father of Andouble economics", Yamamoto Yukimi, a member of the Liberal Democratic Party of Japan, said that the Bank of Japan should further relax its monetary policy at the April 30th policy meeting in view of signs of slowing economic and commodity prices.

Yamamoto Yukimi pointed out that Japan's economy is stagnant and prices may fall.

The Bank of Japan should not choose to stay put.

In order to prevent Japan from falling into deflation again, it is absolutely necessary to further relax the policy.

However, the Bank of Japan should wait until the April 30th policy meeting to take action instead of the 7-8 meeting in April, because the central bank will assess its long-term economic and price expectations in April 30th.

Yamamoto Yukimi said that if the Bank of Japan once again relaxed its policy, it could choose to expand the scope of asset purchases and reduce the current excess reserve rate of 0.1%.

Further easing monetary policy by the central bank is unlikely to trigger a sharp depreciation of the yen, which will not cause criticism from the international community.

Prior to that, Wall Street knowledge has reported that in 2012, Abe Shinzo became Prime Minister of Japan and began to implement the "three arrows" of economic reform. The first arrow was to press the BoJ to expand its balance sheet scale until inflation reached 2% level; second arrows were supported by temporary fiscal policy; third arrows were structural reforms.

At present, the first arrow and second arrows of Andouble economics have been launched, and the third arrows have not yet been launched.

The most difficult part of Andouble economics is to continue structural reform in the future.

Totsutsumi Chiakio (Akio Doteuchi), a senior researcher at the NLI Research Institute, said Andouble economics will pose a threat to the middle class in the current Japanese social structure.

Almost all of them will face the risk of being trapped in poverty.

He said: "this state is like walking in a mining area, and at any time there will be risks ahead.

Even if you are middle class, once something unexpected happens, you will soon have nothing. "