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Jimbuna · 10-12-22, 05:25 AM

The Bank of England confirms its emergency bond-buying scheme will close this Friday, in spite of reports that it was considering extending the programme.

A spokesman for the Bank says: "As the Bank has made clear from the outset, its temporary and targeted purchases of gilts [government bonds] will end on 14 October.

"The governor confirmed this position yesterday and it has been made absolutely clear in contact with the banks at senior levels."

It adds that other measures taken over recent days will be in place after 14 October "to ease liquidity pressures on LDIs (liability driven investments)".

10-12-22, 05:25 AM	#256
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 191,172 Downloads: 63 Uploads: 13	The Bank of England confirms its emergency bond-buying scheme will close this Friday, in spite of reports that it was considering extending the programme. A spokesman for the Bank says: "As the Bank has made clear from the outset, its temporary and targeted purchases of gilts [government bonds] will end on 14 October. "The governor confirmed this position yesterday and it has been made absolutely clear in contact with the banks at senior levels." It adds that other measures taken over recent days will be in place after 14 October "to ease liquidity pressures on LDIs (liability driven investments)". __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!