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Kayabas: BoE Pulls The Trigger On Quantitative Easing.
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Posted On :
Nov-02-2011
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Article Word Count :
401
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Kayabas - The Bank of England has introduced a further £75 billion of assets purchases.
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Kayabas say they are not surprised that the Bank of England has introduced another round of quantitative easing in the face of stagnant economic growth.
Mervyn King, the central bank’s governor, said that headwinds in the form of a broad-based slowdown in global economic growth necessitated the move which will see its controversial asset purchase scheme balloon to £275 billion.
An analyst at “Kayabas” said, “it was always a matter of when and not if.”
The pound sterling plunged immediately upon the news as investors speculated the measure would serve to boost inflation which is already sitting at more than double the Bank of England’s 2% target.
UK markets welcomed the decision-dubbed QE2-and equities rose sharply with the FT-SE 100 closing 3% higher on the day.
“Kayabas” believes that the final figure for quantitative easing could reach as high as £500 billion before the UK economy emerges from its slump.
The firm said it would continue to maintain its negative outlook on the UK economy and reiterated its call to clients to divest themselves of all but the most defensive of sterling-denominated assets.
An analyst at “Kayabas” said, “it was always a matter of when and not if.”
The pound sterling plunged immediately upon the news as investors speculated the measure would serve to boost inflation which is already sitting at more than double the Bank of England’s 2% target.
UK markets welcomed the decision-dubbed QE2-and equities rose sharply with the FT-SE 100 closing 3% higher on the day.
The pound sterling plunged immediately upon the news as investors speculated the measure would serve to boost inflation which is already sitting at more than double the Bank of England’s 2% target.
UK markets welcomed the decision-dubbed QE2-and equities rose sharply with the FT-SE 100 closing 3% higher on the day.
“Kayabas” believes that the final figure for quantitative easing could reach as high as £500 billion before the UK economy emerges from its slump.
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Article Source :
http://www.articleseen.com/Article_Kayabas: BoE Pulls The Trigger On Quantitative Easing._98828.aspx
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Author Resource :
http://www.free-press-release.com/news-kayabas-boe-pulls-the-trigger-on-quantitative-easing-1320150092.html
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Keywords :
kayabas, brokerage, financial,
Category :
Finance
:
Finance
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