BoE makes gains on QE assets
Assets held at the Bank of England's quantitative easing vehicle have increased in value by £9.8 billion ($15.8 billion).
In its Annual Report, published on Thursday, the Bank's Asset Purchase Facility Fund said its balance sheet for the year ending February 28, 2011 stood at £209.7 billion on a mark-to-market basis. This compares to a loan provided by the Bank of £199.9 billion, the fund's principal liability.
The portfolio gain largely owed to debt securities purchased by the fund over the
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