24 Oct 2013
Flash: Carney indicates that more liquidity will be there if needed– TD securities
FXstreet.com (London) - Research teams noted the details that came from Carney today.
Key Quotes:
“BoE May Be Optimistic, But They Aren’t Done Acting and Announce Overhaul of Liquidity Support”.
“As part of an FT event tonight, Mark Carney unveiled plans to overhaul the BoE’s liquidity insurance support, on the back of recommendations made in the Winters Report”.
“…BoE working to further support the recovery and provision of credit on a proactive basis in broadening and cheapening collateral eligibility, rather than waiting for the recovery to stall first and act later”.
“…This is not a sudden injection of liquidity in the UK markets, but further certainty that more liquidity will be there more cheaply when the need arises”.
Key Quotes:
“BoE May Be Optimistic, But They Aren’t Done Acting and Announce Overhaul of Liquidity Support”.
“As part of an FT event tonight, Mark Carney unveiled plans to overhaul the BoE’s liquidity insurance support, on the back of recommendations made in the Winters Report”.
“…BoE working to further support the recovery and provision of credit on a proactive basis in broadening and cheapening collateral eligibility, rather than waiting for the recovery to stall first and act later”.
“…This is not a sudden injection of liquidity in the UK markets, but further certainty that more liquidity will be there more cheaply when the need arises”.