Economics
Bank of England and U.K. Treasury Probe Potential Information Leak
- Early report of central bank decision was highly unusual
- Officials are said to be furious with story in Sun newspaper
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The Bank of England and U.K. Treasury are both investigating a possible leak detailing the central bank’s plans to expand its bond buying by a surprising amount.
Officials at the two institutions are enraged with a story in the Sun newspaper saying the BOE was set to increase the program’s size by more than economists estimated. The report, published hours before Thursday’s market-moving announcement, cited unidentified people with knowledge of the policy meeting’s outcome. The pound briefly fell after it was released.