heyspincasino| Bank of England: Markets should be prepared for a significant increase in repo operations
editor 2024-05-22 04:12:54 Nature 26
Bank of England Governor Bailey said the market should be prepared for a significant increase in securities repurchase operations as the central bank reduces reserves well below current levels.
The Bank of England is in a ten-year periodheyspincasinoThe cumulative amount during the quantitative easing period of 2000 was as high as £ 895 billion (1heyspincasinoUS$.1 trillion) assets, which are currently being reduced at a rate of approximately £ 100 billion a year.
Bailey said a reserve size of £ 345 billion to £ 490 billion is "a good starting point" for investors.
"Looking ahead, we expect a significant increase in repo operations and the market should continue to be prepared for this," Bailey said in a speech released by the Bank of England on Tuesday.
He said the Bank of England would keep some British government bonds on its balance sheet.