The Cabinet has considered the Treasury Management Strategy and Annual Investment Strategy Mid-Year Review Report 2024/25 and has agreed to recommended that the Council Meeting:-
(1) Note the report and the treasury activity in the first half of the financial year.
(2) Approve and note the Treasury Management Strategy, Annual Investment Strategy and Minimum Revenue Provision Policy for 2024/25 approved in February 2024, will continue to be followed considering the forecasts and conclusions set out in the report.
(3) Note the revised interest rate forecasts for Bank Rate and PWLB rates over the short and medium-term, which will drive the council’s long-term borrowing strategies going forward.