BoE expanding scope of the gilt purchase program, but not extending it beyond the 14th for now.
I have no idea why this would be necessary. Why widen the scope of the buy back but not extend it, given that the buy back facility hasn't been heavily used anyway?
Bailey appears to of spelt it out tonight that there will be no extension and markets aren't loving it, guess it firmly puts the ball back in the Governments court to resolve
BoE expanding scope of the gilt purchase program, but not extending it beyond the 14th for now.
I have no idea why this would be necessary. Why widen the scope of the buy back but not extend it, given that the buy back facility hasn't been heavily used anyway?
https://www.bankofengland.co.uk/markets/market-notices/2022/october/temporary-purchases-of-index-linked-gilts-market-notice-11-october-2022