Thursday, February 9, 2012

Bank of England Balance Sheet

The Bank of England announced that it would perform another 50B pounds of QE this morning.  This would increase the size of the central bank's balance sheet from 300B to 350B pounds.  This would be a 16% increase in the size of the balance sheet.  For comparison, if the Federal Reserve increased its balance sheet by another 16% from $2.9T it would be the equivalent of approximately $475B in QE.

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