UK: Focus on BoE’s asset purchase facility stats - TDS

Research Team at TDS, suggests that today we get the weekly statistics for the BoE’s asset purchase facility, including the Term Funding Scheme which will be monitored carefully to see if first week was just an aberration. 

Key Quotes

“The first three days of drawdown period for the BoE’s new TFS saw zero take-up, so we’ll be watching today’s stats closely, which are for the week up to 28 Sept, to see if first week was just an aberration. If take-up remains lacklustre, then that means less BoE balance sheet expansion than previously expected.”