QE’s billion pound income transfer to banks

With nearly £1tn deposited by commercial banks overnight as a result of QE, the banking sector is now set to receive £20bn by the end of 2023 and just under £100bn by the end of 2027.

FT 29 July 2022

https://www.ft.com/content/c6bf53f1-9121-4f51-8809-3ae56b587377