Tweet
http://www.telegraph.co.uk/finance/c...on-policy.html
You notice reading this that the Bank of England "Qe" themselves £200 Billion to pay for "This & that". They took a SHED full of debt onto their balance sheet....but the "QE" was just ready cash for buying their own bonds to keep rates flat.
People are starting to get pissed here, inflation (even their bulsh*t numbers) are outstripping saving rates.....real pressure to lift rates, but that would bring down whats left.....the BOE is in a Catch 22
Mike
You notice reading this that the Bank of England "Qe" themselves £200 Billion to pay for "This & that". They took a SHED full of debt onto their balance sheet....but the "QE" was just ready cash for buying their own bonds to keep rates flat.
People are starting to get pissed here, inflation (even their bulsh*t numbers) are outstripping saving rates.....real pressure to lift rates, but that would bring down whats left.....the BOE is in a Catch 22
Mike
Comment