BOE Keeps Total Size of Last Gilt Operations at £10 Billion
This article is for subscribers only.
The Bank of England’s emergency bond purchases came to an end Friday with the central bank having hoovered up £19.25 billion of securities in a little over two weeks to prevent turmoil in UK markets from spreading.
The UK central bank bought £1.45 billion of long-dated and inflation-linked gilts on the final day of the plan on Friday, following two bumper days of buying from funds that were seeking to unwind positions.