City Of London
BOE Confirms Bailey’s Bond-Buying Deadline Is Still Friday
- BOE spokesperson reiterates Friday deadline in emailed comment
- FT reported earlier that BOE prepared to extend deadline
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The Bank of England refuted a report that it could extend the deadline on its emergency bond-buying program, confirming Governor Andrew Bailey’s message that the central bank will end it on Friday.
“As the Bank has made clear from the outset, its temporary and targeted purchases of gilts will end on 14 October,” a spokesperson said in an emailed statement. “The Governor confirmed this position yesterday, and it has been made absolutely clear in contact with the banks at senior levels.”