
More recently, the BoE's balance sheet has started to shrink. The demand for cash from commercial banks has started to decline, leading to a fall in commercial bank reserve balances held at the central bank.
However, I am waiting to see what happens when the bank starts what it misleadingly calls quantitative easing. All this new money will appear on the BoE's balance sheet. So from now on, I will be taking a regular look at the BoE's weekly publication of its balance sheet.
2 comments:
Seen the QE petition?
the bank of england balance sheet is about to explode.
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