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MNI BRIEF: Financial Conditions A Gilt Sales Factor-BOE's Mann

(MNI) London

Bank Of England Monetary Policy Committee member Catherine Mann cites financial conditions in gilt sales decision.

The tightening in financial conditions will be a factor in the decision facing the Bank of England's Monetary Policy Committee over whether or not to start gilt sales when Bank Rate hits 1%, committee member Catherine Mann said Thursday, a level rates are expected to hit following the committee's May meeting.

The MPC's policy guidance is that it will consider whether to start active gilt sales at 1%, rather than just continuing with its current policy of "natural run-off", letting maturing gilts expire without replacement.

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The tightening in financial conditions will be a factor in the decision facing the Bank of England's Monetary Policy Committee over whether or not to start gilt sales when Bank Rate hits 1%, committee member Catherine Mann said Thursday, a level rates are expected to hit following the committee's May meeting.

The MPC's policy guidance is that it will consider whether to start active gilt sales at 1%, rather than just continuing with its current policy of "natural run-off", letting maturing gilts expire without replacement.

Keep reading...Show less