OCR Held @ 0.25% but QE gets a Crank Up

QE got a boost up to $100B today in the MPS. OCR remains on hold, for now, but a bias to getting the ducks in row to go negative in the near future.

The Banks got a nudge along with the following… ” It remains in the long-term interest of banks to fully pass on the benefits of lower funding costs to their customers. ” IE: lower the interest rates advertised to borrowers.