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BOE’s $231b of QE to come quicker than advertised

Bloomberg The Bank of England’s (BOE) new 200 billion pounds ($231 billion) of bond purchases has the potential to hit the market at a faster pace than currently advertised. With rates near zero already, increasing the speed of purchases is one lever policy makers could pull if they want to boost the impact of the current package of measures, without ...

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Japanese banks tap Fed for over $150b in just one week

Bloomberg Japanese banks took almost $90 billion of cheap-dollar funding through the Federal Reserve’s enlarged swap lines on Tuesday, with total borrowings surpassing the record seen during the global financial crisis. Including earlier operations on March 17 and 23, the lenders have gobbled up more than $150 billion of dollars, exceeding the amount seen in other nations with the revamped ...

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Philippines cuts reserve ratio by 200 bps

Bloomberg The Philippine central bank is infusing more funds into the economy, slashing big lenders’ reserve requirement ratio (RRR) by 2 percentage points and flagging more cuts to come. “The reduction is intended to calm the financial markets and encourage banks to continue lending to both the retail and corporate sectors,” Governor Benjamin Diokno said in a mobile phone message ...

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