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Wednesday, 14 October 2009

What is QE meant to achieve?

Alex Masterley has spotted a change of mind...
"in a new speech, Charlie Bean says forget about the bit about making the banks flush with cash. No that isn't the point at all. The idea is to boost the value of gilts, forget about the idea of filling the banks with cash equivalent reserves, apparently that was not the point at all, even though that was what they said in March."

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