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MNI INSIGHT(RPT): BOE QT Pace Known, Terminal Point Unknowable

(MNI) London

The Bank of England will start counting its GBP50-1O0bn balance sheet runoff once active sales start, with the end point of QT unknowable.

(Repeats article first published on July 25)

The Bank of England is unlikely to provide a precise numerical estimate of the end point for quantitative tightening when it publishes its framework for running down its gilts holdings in August, but it will set a pace for combined sales and redemptions, with the counting set to start from the time active sales begin.

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(Repeats article first published on July 25)

The Bank of England is unlikely to provide a precise numerical estimate of the end point for quantitative tightening when it publishes its framework for running down its gilts holdings in August, but it will set a pace for combined sales and redemptions, with the counting set to start from the time active sales begin.

Keep reading...Show less