IFR Comment: More musings on the BoE liquidity facility
Changes to the contingency liquidity facility by the BoE suggests that the bank is not taking any chances with the eurozone crisis as policy makers worry over the flight of deposits from savers in other troubled economies. Unlike 2008 the BoE is no longer behind the curve in providing liquidity to banks as finally we see the first more significant and early pre-emptive action from a G20 central banks.
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