Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
The Chief Officer, Financial Services, submitted a report presenting a review and update of the Council’s Treasury Management borrowing and investment strategy for 2021/2022.
The Board acknowledged the likely interest rate rise which was anticipated in 2022. With this in mind and in response to a Member’s enquiry, officers undertook to provide the Member with details of how an interest rate increase of 0.75% would affect the Council’s debt repayment levels.
Linked to this, Members also received an update regarding the general approach being taken by the Council towards longer term borrowing moving forward.
RESOLVED – That the update provided on the Treasury Management borrowing and investment strategy, as detailed within the submitted report, be noted.
Publication date: 19/11/2021
Date of decision: 17/11/2021
Decided at meeting: 17/11/2021 - Executive Board
Effective from: 27/11/2021