BoE hits £1.2bn QE target with second gilt purchase attempt

clock • 1 min read

The Bank of England (BoE) has purchased more than £3bn worth of long-dated gilts as part of its latest stimulus package, after failing to meet targets last week.

Investors took advantage of the sharply higher bond prices that followed the central bank's botched attempt last week, allowing the BoE to comfortably meet the £1.17bn worth of bond purchases targe...

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