Agenda item
Treasury Management Update as at 31 May 2021
Report of the Chamberlain
Minutes:
The Board received a report of the Chamberlain providing a summary of the City of London Corporation’s treasury management portfolio (investments) as at 31 May 2021. The Chamberlain introduced the report and drew Members’ attention to the key points, as well as the updated cashflow forecast information. Mercer advised that the Bank of England may raise interest rates towards the end of 2022 if certain targets were met.
RESOLVED – That the report be noted.
Supporting documents:
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1a. Treasury Management Update as at 31 May 2021 (Final-), item 5.
PDF 324 KB -
1b. City of London Corporation Monthly Investment Report May 2021, item 5.
PDF 462 KB