The Council Meeting has:-
· Noted the report and the treasury activity in the first half of the financial year; and
· Noted the revised interest rate forecasts for PWLB rates over the short and medium term, which will drive the Council’s long-term borrowing strategies going forward.
The Cabinet considered a mid-year review of the Council’s Treasury Management Strategy and Annual Investment Strategy 2018/19 Mid-Year Review Report and recommended that the Council Meeting receive the report and note:
• the report and the treasury activity in the first half of the financial year;
• the revised interest rate forecasts for PWLB rates over the short and medium-term which would drive the Council’s long-term borrowing strategies going forward.