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Key Parts of Bank's Statement Concerning Balance Sheet:

BOE
  • "These purchases will be strictly time limited. They are intended to tackle a specific problem in the long-dated government bond market. Auctions will take place from today until 14 October. The purchases will be unwound in a smooth and orderly fashion once risks to market functioning are judged to have subsided."
  • "The MPC’s annual target of an £80bn stock reduction is unaffected and unchanged."
  • "Bank’s Executive has postponed the beginning of gilt sale operations that were due to commence next week. The first gilt sale operations will take place on 31 October and proceed thereafter."

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