06 August 2009

Asset Purchase to Continue?

Today the ECB and the BoE (those who don't know what this stand for, please see other blog posts!!) are both announcing latest monetary policies. The last time the BoE had this meeting a month ago, their news was decidedly ambiguous, causing markets and investors to react with concern and confusion. The main reason for this was their stance on the current asset purchasing scheme - some believed they would announce an extension by a further 25 billion GBP (currently 125 billion GBP are dedicated to the programme)...

The announcement should be made...well, right now! No news yet so will keep you posted!

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