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London, London! Where will the new round of QE go?

Bank of England, Threadneedle Street, London, ...

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The Bank of England further added a tranche of $50 bln in QE even as the effect of new VAT on inflation tapers off, and theinfation rate came at 4.2% as before the BoE met last week and maintained interest rates ( on commercial bank reserves) at 0.5%

The $325 asset purchase program would help add liquidity in light of increased inflation traction control even as growth remains slow tracked by loss of jobs and continued non performance by banks . In an interesting aside, a good use of QE suggested in one of the informed QE blogs has been to fund asset purchases of Greek bonds directly and like the help for Italy get into the assets really hurting European banks even as London keeps itself as a central piece of access for both sides of the pond.

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One comment on “London, London! Where will the new round of QE go?

  1. Pingback: US Economy: It’s not so good after all? QE3 denied, the sub-par Jobs number could bite | The Banking and Strategy Initiative

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