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BOE made a profit of about £3.8 billion from emergency bond purchases it made last year

BOE made a profit of about £3.8 billion from emergency bond purchases it made last year

Bank of England Governor Bailey and other officials appeared before the UK Parliament's Treasury Committee on Monday.

Bailey faced questions on numerous topics, some of which covered the trashing of UK assets, including GBP and gilts (UK government bonds) in September 2022 after then-Prime Minister Liz Truss’s budget program set out a series of unfunded tax cuts. Asset values have since bounced back. At the time the Bank of England stepped into markets to buy bonds and stem the rout... Read More

Posted: Jan 17 2023, 00:57
Author Name: forexlive
Views: 102430

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