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Bank considers new measures to stop lenders hoarding - #demurrage
JICWyllie
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9-7-2009 9:01 AM
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tags:
1-demurrage
,
1-interest rates
,
1-policy
,
1-stimulous
,
2-change
,
3-forecast
,
4-uk
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/14012308-acba-446e-b5f3-bcc83802fc41/7E78B6D6-5425-41C3-967D-96B5EDFC56E7/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.telegraph.co.uk/finance/economics/6147161/Bank-considers-new-measures-to-stop-lenders-hoarding.html" href="http://www.telegraph.co.uk/finance/economics/6147161/Bank-considers-new-measures-to-stop-lenders-hoarding.html" style="font-size: 11px;">www.telegraph.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/finance/economics/6147161/Bank-considers-new-measures-to-stop-lenders-hoarding.html"><P> City analysts suspect the Bank may consider cutting the interest rate paid to banks on their reserves with the central bank in an effort to stop institutions hoarding the extra money created by quantitative easing and increase lending. Some think it may even introduce a charge for holding a certain amount of cash with the Bank. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/finance/economics/6147161/Bank-considers-new-measures-to-stop-lenders-hoarding.html"><H2> The Bank of England may introduce negative interest rates for the first time in British history this week, economists said. </H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/finance/economics/6147161/Bank-considers-new-measures-to-stop-lenders-hoarding.html"><P> They expect another £25bn increase in QE before the end of the year, most likely at the November meeting. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7E78B6D6-5425-41C3-967D-96B5EDFC56E7/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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