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Bank of England Governor Andrew Bailey announced plans for a significant increase in securities repurchase operations as the central bank reduces its reserves. The move aims to run quantitative easing down close to zero and replace asset purchases with repos to mitigate interest rate risks.
One for BOE balance sheet nerds. Bailey signals BOE will run QE down close to zero and replace asset purchases with repos. One goal is to remove interest rate risk that's caused £61bn of QE losses since 2022 (halving net gains since 2009) https://t.co/8lNkkjePZg
⚠️ BOE SCOPES 'STEADY STATE' IN BALANCE SHEET DOWNSIZING Full Story → https://t.co/Obnu2z28XS Even as consensus builds inside and outside the Bank of England on UK interest rate cuts this summer, the thorny issue for banks and bond markets of when it stops its steep balance…
BOE urges markets to prepare for big rise in repo operations https://t.co/c5i53zKOr5 via @PhilAldrick @tomelleryrees @greg_ritchie https://t.co/DeBOcrUzMw
