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BOE's Mann Says Officials Need to Consider Impact of Bond Sales

BOE's Mann Says Officials Need to Consider Impact of Bond Sales

Bloomberg02-06-2025
Bank of England rate-setter Catherine Mann said that officials need to consider the impact quantitative tightening may be having on long-dated bond yields and the economy when deciding interest-rate policy.
Mann said Monday that effects from the BOE's run-off of its balance sheet of bonds cannot be easily offset by rate cuts as they affect short and long-dated bond yields differently.
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