The BBA has told MP's that the BoE should cut its rates on emergency loans to banks during a financial crises (Times) In a written submission to the Treasury Select Committee, the BBA said that the bank should scrap its penalty rate of 1% above the base rate in times of market stress. Bankers in the City will see their pay hammered by the credit crunch, with bonus pools in some areas down 50% amid growing fears of widespread job cuts ahead of the Christmas period (Telegraph) Northern Foods has told shoppers that they had yet to see the full effect of the strongest inflation in food costs for 14 years, despite a string of price increases across supermarkets in the past month (Times) The chief executive of the group said many retailers are waiting for the new year the the majority of increases. The above commentary was provided by Real-time Analysis & News (R.A.N) Ltd (known to traders as âRansquawkâ) operates from 0630GMT until 2200GMT to incorporate full coverage of the US bond and equity futures markets. Currently R.A.N covers Bond, STIR and Index futures in the US, UK and Eurozone as well as NYMEX crude and Gold. Furthermore, R.A.N has a stand alone Forex service (Ransquawk FX) which covers all the major currency pairs. Coverage is based around the economic calendar for that day but the product finds its value looking at flows, rumours and breaking news and then deliver that information to the customer via an internet âsquawk-boxâ. For more information and a 1-week free trial please email us at info@ransquawk.com