Thursday, Sep 13, 2007
The buffer has been used...
guardian: Bank's £4.4bn of extra liquidity snapped up
The survey also showed that more than two-thirds of respondents expect borrowing costs to rise again in the next 12 months. Only 4% thought they would fall.
Posted by inbreda @ 02:02 PM (664 views) Add Comment
5 Comments
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1. Lnicol01 said...
I don't understand - what's going on here? Is this god or bad for us HPCers ultimately? I thought the BOE wasnt intending helping the banks with extra cash injection!
I am completely lost now.....
2. dohousescrashinthewoods said...
Interesting - everyone held off the last lot, but this tme the cake has been snarfed.
Does this mean there is a desperate hunger for liquidity?
3. paul said...
The Bank of England is desperately trying to prop things up - reminscent of when we crashed out of the ERM in 1992.
That time it took £3.2bn. So far, to shore up this trainwreck has cost the UK taxpayer over ten times that amount.
Capitalism for the poor, socialism for the rich.
4. enuii said...
I'm not an expert but it's probably to go towards covering all the commercial paper that needs refinancing in Europe by friday, £140 Billion worth.
5. David 90210 said...
Thankfully this looks like the crisis is finally over hence houses will continue to boom..