Disliked{quote} Maybe, maybe not. The market probably assumed that once BOE started to rescue pension funds, it will continue doing so. And with pension funds saying that the program should be extended until the end of the month, a clear and direct "no" from Bailey is important. It tells the market that something may blow up, and BOE may not be there to help. Also, the Bank itself said this morning that the situation is a danger to UK financial stability. What would you do if you had investment exposure to UK assets and no clarity as to whether BOE can...Ignored
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