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IPFS News Link • Economy - Economics USA

Don't Ask Don't Tell Price Stability

10-2-2007 • MISH: Global Economic Analysis

British banks are gorging on cheap credit by the ECB, fearing stock market punishment if the UK press finds out they borrowed money from the BOE. This has an interesting side effect of providing support to the British pound when arguably it should be

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Reported By Mike Shedlock

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