Sunday, 5 December 2021

BoE to buy 554mn stg of gilts over next 3 months

REUTERS/Hannah McKay

LONDON: The Bank of England said that it intended to buy 554 million pounds ($691.95 million) of British government bonds over the next three months independently of its main asset purchase programme.

The BoE said the purchases were part of its programme of investment of its free capital and reserves.

“The Bank is considering increasing its holdings of sterling supranational bonds over time,” it said.

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