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http://www.telegraph.co.uk/finan ... .html#disqus_thread
The Bank of England is likely to keep hold of its UK gilt purchases for several years, Mark Carney has said, amid uncertainty about market reaction to the unwinding of its £375bn stockpile.
The Bank's governor said on Tuesday that the Monetary Policy Committee (MPC) would likely implement several interest rate rises before considering the sale of its asset purchases."[Our] first move would be to tighten conventional monetary policy, and we would likely … tighten conventional monetary policy for some time, or to some degree, before we would consider adjustments to the size of our balance sheets," he told the House of Lords economic affairs committee. |
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