Monday, April 2, 2018

Effectively interest rate rises

Banks leave £13bn in cheap money from Term Funding Scheme on the table

The point has been made often enough that the BoE can influence credit expansion through different ways than just interest rates. So " end of the scheme is expected to prompt a rise in borrowing costs" and elsewhere reported by the FT (subscription only i don*t have one but headline is enough), that UK banks are selling asset backed securities (mortgage backed etc) at the fastest rate in years. But there can't be any buyer willing to accept practically zero return as the BoE has done.

Posted by stillthinking @ 04:09 PM (2772 views)
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