Wednesday, May 26, 2010
A Sign?
Yahoo: Bank to launch floating-rate repos on June 15
Under the new system, the Bank will no longer lend to banks for 9- or 12-month terms, and banks can only borrow from the Bank on a floating-rate basis that leaves them exposed to future increases in the Bank's main Bank Rate, currently 0.5 percent.
Posted by mark @ 03:26 PM (435 views) Add Comment
1 Comment
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1. Ibot said...
We need the banks to get their acts togther.