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Not much new from Bailey - wait for the Q&A

BOE
  • Bailey on the QE unwind: "These decisions are detached from our current or likely future policy decisions, but do recognise the increasingly two-sided nature of the risks we face, as we hope and expect to see the economy get over Covid."
  • Nothing at first glance on the impact of recently rising yields, or anything else really new compared to what Bailey has said before.
  • Ignore the headlines now and wait for the Q&A later.

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