UK’s Central Bank Fails to Meet Bond-Purchase Target, For First Time
UK’s Central Bank appeared to be unsuccessful in reaching its government debt bond purchase goal of £1.170 billion. "In itself, that not that much has been offered is not surprising," said Jason Simpson, UK rate strategist at Societe Generale. "It's a little surprising that this comes on the first week ... it's quite early in the whole process, which will be a worry for the Bank of England." Meeting the goal. Equivalent to $68 million, the bank failed to buy £1.170 billion in government debt bonds. Investors had only offered £1.118 billion worth of gilts (government....
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