Bank of England announces additional support measures as emergency bond-buying plan winds down
The Bank of England said Monday it will increase the size of its daily gilt purchases and implement additional measures “to support an orderly end” to its emergency bond-buying plans announced last month, aimed at preventing a financial crisis in the U.K.
As... The Bank of England said Monday it will increase the size of its daily gilt purchases and implement additional measures “to support an orderly end” to its emergency bond-buying plans announced last month, aimed at preventing a financial crisis in the U.K. In a second measure, the BoE plans to launch a temporary expanded collateral repo policy clients’ liability-driven investments through liquidity insurance operations, which will run beyond the end of this week. It will accept collateral such as corporate bonds.
“Beyond the end of this week’s operations, the Bank will continue to work with the U.K. authorities and regulators to ensure that the LDI industry operates on a more resilient basis in future,” it said.
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