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New measures from the Bank of England

The Bank of England announced that it is ready to increase the size of its daily government bond purchases before it will end its bond purchases on October 14.

The Bank of England (BoE) announced new measures to support the functioning of the markets. The bank announced that it is ready to increase the daily government bond purchase size before it will end its bond purchases on October 14.

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Announcing additional measures to properly end the bond-buying practice, the BoE emphasized that the maximum size for bond-buying auctions will be announced every morning at 09:00 local time, and the size of today’s operation will be determined up to 10 billion GBP.

Stating that the current reserve pricing mechanism will remain in practice, the BoE stated that the Bank’s Liability-Based Investment (LDF) funds will support further easing of the liquidity pressure they are facing.

“The Bank will continue to work with British authorities and regulators to ensure that the Liability Based Investment sector operates on a more resilient basis in the future,” the statement said.

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