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| BOE Cuts By 25 bps To Record Low 0.25%, Boosts QE By £60 BN Including Corporate Bonds; Gilt Yields Crash | |
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| Tweet Topic Started: Aug 4 2016, 08:57 AM (124 Views) | |
| Siberian | Aug 4 2016, 08:57 AM Post #1 |
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As expected, the Bank of England unanimously cut rates for the first time since the financial crisis by 25 bps to a record low 0.25%. However in a somewhat surprising move, the BOE also expand its QE by £60 billiion to £435 billion in a 6-3 vote, of which up to £10 billion will be in the form of corporate bond purchases http://www.zerohedge.com/news/2016-08-04/bank-england-cuts-rate-25-bps-boosts-qe-%C2%A360-bn-%C2%A3435-billion-will-monetize-corporate- |
| Goood morning GULAG!!! | |
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| Siberian | Aug 4 2016, 09:05 AM Post #2 |
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So far not all of the biggest Western economies have exhausted means to stimulste their economies, not all of them reached negative interest rate for their government debt, not everything has been bought away from the market by Central banks, who use this method to inject freshly ptinted money into economies. But still there is no other option but global economic crash and hyperinflation in main world currencies. Just psycology is a very powerful economic factor and we know that the mob, i.e. public opinion is very well manipulated. But what is inevitable - will happen. |
| Goood morning GULAG!!! | |
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8:54 PM Jul 10