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BoE Set To Further Delay Quantitative Tightening Until Gilt Markets Calm - FT
BOE SET TO FURTHER DELAY QUANTITATIVE TIGHTENING UNTIL GILT MARKETS CALM - FT
— PiQ (@PriapusIQ) October 18, 2022
- Reuters via https://t.co/ymHY6xloQb
Added at 12:11am
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BOE reportedly to further delay QT to ensure gilts market stability
• Policymakers feel that gilts market have been "very distressed" in recent weeks. • Inflation control can be managed via interest rate changes. • Likely to see a further pause in sale of gilts bought until market is calmer. • Full report (may be gated). And so the can gets kicked down the road again. But for now, stability in UK bonds is very much needed so this is arguably a welcome development. The pound got a slight nudge higher, with cable moving up from 1.1375 to 1.1408 before settling back around 1.1380 at the moment.
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