Free Trial

Governor Andrew Bailey has written an op-ed.....>

BOE
BOE: Governor Andrew Bailey has written an op-ed piece for Bloomberg.
- In the piece he states that when the BOE begin to normalise policy, the size
of the Bank's balance sheet should be reduced before rates are increased.
Previous guidance from the Bank had suggested that it would only begin to unwind
QE when rates had reached 1.50%.
- Bailey also stated that there needed to be a "robust assessment" of the
financial system's "weaknesses" including the "role of money market funds".
- There was no mention of future near-term policy actions so the gilt market has
seen little movement on the open while the pound moved marginally weaker when
the story was released.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.