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- BOE: Temporary Gilt purchases will end on October 14
BOE: Temporary Gilt purchases will end on October 14
The Bank of England (BOE) confirmed in a statement on Wednesday that the temporary Gilt purchases will end on October 14.
Key takeaways
“The bank has made clear from the outset, its temporary and targeted purchases of Gilts will end on 14 October.”
“The governor confirmed this position yesterday, and it has been made absolutely clear in contact with the banks at senior levels.“
“Beyond 14 October, a number of facilities, including the new TECRF, are in place to ease liquidity pressures on LDIs.”
Market reaction
The BOE confirmation has little to no impact on the British pound, as GBP/USD keeps its range around 1.1030, adding 0.63% on a daily basis.
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