BoE peers over gilt-market chasm pivotal for Reeves’ UK budget

Quick Summary:

LONDON: The Bank of England (BoE) is about to grapple with one of the thorniest decisions since it began unwinding crisis-era stimulus in 2022 as it confronts a year of unusually high bond redemptions.

By sticking with a £100bil pace of reduction, its bond sales would need to plummet from £50bil a year currently to around £13bil.

While investors largely expect the UK central bank to stick with a stable level of balance-sheet reduction, economists at Deutsche Bank AG and Citigroup Inc are among those warning that officials may accelerate it.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaMali

Topics: Stimulus Bank of England /Business/Business News Unwinding Policy Banking

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 00:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 885 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22437409

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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