« ECB-ometer suggesting shift to neutral policy stance | Main | Earnings revisions suggesting sharp Eurozone slowdown »

Rock loan yet to peak

Posted on Thursday, November 22, 2007 at 03:16PM by Registered CommenterSimon Ward | CommentsPost a Comment

The Bank of England’s “other assets” rose by £1.1 billion in the week to 21st November, down from £2.0 billion in the prior week. The cumulative increase since 12th September is now £26.4 billion, the bulk of which will represent lending to Northern Rock. With Building Societies Association figures earlier this week suggesting a massive outflow of retail funds from the troubled bank (see here), the Rock loan looks on course to reach £30 billion by year-end.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>
Alert
Comment Moderation Enabled
Your comment will not appear until it has been cleared by a website editor.