Bailey Pressed to Extend Gilt Purchases Amid Deadline Confusion
- Markets roiled by BOE’s vow to halt intervention in three days
- Investors say more time is needed to stabilize markets
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Hours after sending shock waves through markets with his promise to end emergency gilt purchases this week, Bank of England Governor Andrew Bailey is under pressure to reverse course.
On Wednesday, the BOE was forced to reiterate Bailey’s ultimatum after the Financial Times reported that officials had briefed bankers privately before the governor spoke that they could extend the deadline.