The Bank Of England’s Shrinking Options Amid The Bond Market Meltdown

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In a dramatic policy U-turn, the Bank of England has been carrying out gilt purchases as well as temporarily delaying quantitative tightening. With concerns rising over the scale of tax cuts, on top of an energy price guarantee from the UK government, the Bank looks to be in a deeply unenviable position. As inflation continues to rage across the UK, ING's James Smith looks at the Bank's shrinking options.

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Disclaimer: This publication has been prepared by the Economic and Financial Analysis Division of ING Bank N.V. (“ING”) solely for information purposes without regard to any ...

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