Telegraph
"Billions of pounds "printed" by the Bank of England as part of its quantitative easing programme have been leaking overseas, it has emerged. ....However, the figures, published deep in a Bank document on Friday, shed light on the fact that the system has fallen short of expectations in its infancy.The statistics show that the Bank spent £15bn on gilts in March but that the biggest sellers of these in that period were overseas investors, who cut their gilts portfolios by £7bn. Investment banks, meanwhile, sold £2bn, while non-bank investors, which includes the pension funds and insurance groups which the Bank had intended to be the chief recipients of the quantitative easing money, sold only £5.9bn."
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