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Ramsden adds nothing new on this week's events and no steers for the future

BOE
  • Ramsden reiterates: "These purchases will be strictly time limited until 14 October. They are intended to tackle a specific problem in the long-dated government bond market. The purchases will be unwound in a smooth and orderly fashion once risks to market functioning are judged to have subsided."
  • Ramsden notes challenging liquidity conditions in some markets - which has put the BOE and other central banks on alert.
  • Ramsden talking about the measures announced this week and the Bank's Market Intelligence having helped inform the decisions.
  • Nothing new relative to the statement that announced the operations.

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