Thu, Jul 2 2009, 15:30 GMT
http://www.djnewswires.com/eu
BOE To Buy GBP3.5 Billion Gilts Monday, GBP3.0 Billion Wednesday Via APF
LONDON -(Dow Jones)- The Bank of England said Thursday that it will buy a total of GBP6.5 billion of U.K. government bonds, or gilts, next week via its Asset Purchase Facility.
The BOE will conduct a GBP3.5 billion reverse auction of eligible gilts maturing in the 2020 to 2032 range Monday, with a GBP3 billion operation covering 2015 to 2019 maturities scheduled for Wednesday.
Last month, the BOE's Monetary Policy Committee decided to keep the size of its quantitative easing program - through which it is buying bonds with freshly created central bank money - at GBP125 billion and to leave its key interest rate at 0.5%.
As of last Friday, the BOE had bought GBP99.1 billion of securities through the APF.
-By Nicholas Winning and Laurence Norman, Dow Jones Newswires; +44 207 842 9498; nick.winning@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=8nLUSqR%2B15oQ%2FMg2D03oHg%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
July 02, 2009 11:30 ET (15:30 GMT)
Copyright 2009 Dow Jones & Company, Inc.
LONDON -(Dow Jones)- The Bank of England said Thursday that it will buy a total of GBP6.5 billion of U.K. government bonds, or gilts, next week via its Asset Purchase Facility.
The BOE will conduct a GBP3.5 billion reverse auction of eligible gilts maturing in the 2020 to 2032 range Monday, with a GBP3 billion operation covering 2015 to 2019 maturities scheduled for Wednesday.
Last month, the BOE's Monetary Policy Committee decided to keep the size of its quantitative easing program - through which it is buying bonds with freshly created central bank money - at GBP125 billion and to leave its key interest rate at 0.5%.
As of last Friday, the BOE had bought GBP99.1 billion of securities through the APF.
-By Nicholas Winning and Laurence Norman, Dow Jones Newswires; +44 207 842 9498; nick.winning@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=8nLUSqR%2B15oQ%2FMg2D03oHg%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
July 02, 2009 11:30 ET (15:30 GMT)
Copyright 2009 Dow Jones & Company, Inc.
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