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Essay

Bank of England

Essay specific features

 

Issue:

Business

 

Written by:

Darrell A

 

Date added:

February 14, 2014

 

Level:

 

Grade:

A

 

No of pages / words:

2 / 450

 

Was viewed:

9270 times

 

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Essay content:

At that point only will we see Libor spreads returning to normal levels," he said. The Governor's comments come as the Bank of England and the European Central Bank loaned billions at cheap rates to banks in an effort to stimulate lending again. Mr King said: "The large banks are now awash with cash...
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It is not whether they have cash, it's whether they are willing to lend. We need to dispel that sense of fear to prevent the US economy from worsening." Mr King warned that one of the biggest problems was a prevailing ignorance of the complex workings of the money markets, even among those who deal in them, and said it was the partly the Bank's responsibility to keep reminding people of the mistakes made this year, and hope that they will learn the lessons...
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