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CGNCR for FY21/22 GBP20.0bln higher than DMO had assumed

GILTS
  • CGNCR (ex-NRAM, BB & NR) for FY21/22 was GBP20.0bln higher than assumed in the DMO's calculation for the the current year's gilt remit.
  • It's not the only input into the gilt remit change due most likely at 7:30BST, but it is the main one, so we'll likely see the remit revised higher than the GBP124.7bln that was previously announced (although some of this adujustment could come through T-bills too).

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