Wednesday, 18 March 2009

Third quantitative easing heavily oversubscribed even at £3Bn

The largest QE Auction to-date at £3Bn received bids at £21.98Bn - a multiple of 7.35 X

The BoE has yet to annnounce the funds available for Monday 23 March but given the appetite it seems logical that the figure may rise either on Monday or at least in time for Wednesday. The benefit has yet to filter through but there does seem to be a strong appetite for this programme which is encouraging.

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