The Bank of England Is Very Excited ; City Spy Cityspy@Standard.Co.Uk
Evening Standard - London › March 11, 2009
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Summary
THE Bank of England is very excited about quantitative easing or "QE" as it's known in Threadneedle Street. But steady on. The spend is Pounds 75 billion, which brings the total potential outlay to unlock UK banks to Pounds 1.25 trillion.
It sounds like a lot, and it's more than 80% of GDP. It is, however, less than 20% of bank assets.See the full content of this document
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The Bank of England Is Very Excited ; City Spy Cityspy@Standard.Co.Uk
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