Watch: The Bank of England’s shrinking options amid the bond market meltdown
After the Bank of England's dramatic moves to stabilise the UK bond market, what's it going to do next? ING's James Smith doesn't think it will raise rates as much as some are expecting next month, and that's going to put even more pressure on the unloved pound
The Bank of England’s shrinking options amid the bond market meltdown
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.
Download
Download articleThis publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more