TITLE

Bank holds back from cuffing reserve rates

AUTHOR(S)
Jones, Lee
PUB. DATE
September 2009
SOURCE
Money Marketing;9/17/2009, p20
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the issue concerning the reduction of bank's reserve rates to prevent from collecting quantitative-easing benefits in Great Britain. It cites that the Bank of England did not implement any reduction of reserve rates and continued collect a bank rate of 0.5 percent for six consecutive months. Robert Sinclaire, the director of the Association of Mortgage, states that banks are still constrained in their ability to lend to consumers and small businesses.
ACCESSION #
44677990

 

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