Bank of England Raises Interest Rates 75bps to 3% in Biggest Rise in 30 Years

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  • 06 Oct '22 at 4:22 am #45153
    TradersCom
    Keymaster

    BoE on gilt buying:
    – The move in gilt yields last week threatened to exceed the size of the cushion for many LDI funds.
    – Had BoE not intervened large number of pooled LDI funds would have been left with negative net asset value

    12 Oct '22 at 11:53 am #45525
    TradersCom
    Keymaster

    Bank of England accepted 2.3754 billion in daily gilt buyback operation
    V’s 1.363 billion yesterday
    Rejects zero offers vs 47.6m yesterday
    #Gilts and #GBP rose

    03 Nov '22 at 10:16 am #44232
    Helmholtz Watson
    Participant

    The Bank of England MPC at its November meeting Thursday raised the key bank rate by 75 bps from 2.25% to 3.00% as expected. BoE’s benchmark rate has
    [See the full post at: Bank of England Raises Interest Rates 75bps to 3% in Biggest Rise in 30 Years]

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