This sums it all up yet again - credit to the author of this clip
UK TREASURY: UK FINANCE MINISTER IS COMMITTED TO THE BANK OF ENGLAND’S INDEPENDENCE.— Breaking Market News (@financialjuice) September 28, 2022
UK TREASURY: THE GOVERNMENT WILL CONTINUE TO WORK CLOSELY WITH THE BANK IN SUPPORT OF ITS FINANCIAL STABILITY AND INFLATION OBJECTIVES.— Breaking Market News (@financialjuice) September 28, 2022
UK TREASURY: TO ENABLE THE BOE TO CONDUCT THIS FINANCIAL STABILITY INTERVENTION, THIS OPERATION HAS BEEN FULLY INDEMNIFIED BY TREASURY.— Breaking Market News (@financialjuice) September 28, 2022
DislikedThis sums it all up yet again - credit to the author of this clip https://twitter.com/ClownWorld_/stat...38241445830656Ignored
As the Governor said in his statement on Monday, the Bank is monitoring developments in financial markets very closely in light of the significant repricing of UK and global financial assets. This repricing has become more significant in the past day – and it is particularly affecting long-dated UK government debt. Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability. This would lead to an unwarranted tightening of financing conditions and a reduction of the flow of credit to the real economy. In line with its financial stability objective, the Bank of England stands ready to restore market functioning and reduce any risks from contagion to credit conditions for UK households and businesses. To achieve this, the Bank will carry out temporar tweet at 6:12am: BoE TLDR via @Newsquawk https://t.co/7VtGCejIcwBank of England delays bond sales, launches temporary purchase program after market turmoil The Bank of England will suspend the planned start of its gilt selling next week and begin temporarily buying long-dated bonds in order to calm the market chaos unleashed by the new government’s so-called “mini-budget.” U.K. gilt yields are on course for their sharpest monthly rise since at least 1957 as investors flee British fixed income markets following the new fiscal policy announcements. The measures included large swathes of unfunded tax cuts that have drawn global criticism, including from the IMF. In a statement Wednesday, the central bank said it was monitoring the “significant repricing” of U.K. and global assets in recent days, which has hit long-dated U.K. government debt particularly hard.
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tweet at 6:55am: UK SPOKESPERSON: BOE BOND BUYING TO BE FINANCED WITH NEW RESERVES.
An accelerated energy transition trajectory will put metals supply under extraordinary pressure – while also dialling up the pressure on the industry to decarbonise. Our recent ...