BoE's Bailey: No decision yet made on active sales of government bonds

Joel Frank Independent Analyst

Bank of England Governor Andrew Bailey said in the post-BoE meeting press conference that no decision has yet been made over whether or not to carry out active sales of the bank's UK government bond holdings, report Reuters.

Additional Remarks:

The labour market is very tight.

The question continues of how exactly savings built up during covid will be used.

BoE Deputy Governor Ben Broadbent said that a rise in mortgage costs from rising interest rates is a fraction of the hit from higher energy costs.

The biggest driver downward of UK inflation will be the shock to real incomes, not monetary policy.

In terms of pain, the biggest driver is the real-income shock from energy prices and the change in terms of trade.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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