BoE report sheds light on Covid market operations
Surge in scale and frequency of operations amid switch to work from home created “issues”
A new in-depth report on market operations published by the Bank of England reveals some of the challenges the central bank faced during the opening stages of the Covid-19 crisis.
The BoE’s balance sheet expanded rapidly in March 2020, as the central bank relaunched its asset purchase programmes, conducted additional liquidity operations and brought new liquidity facilities online.
The report – the first of its kind – shows that the pace of bond-buying in the early stages of the crisis was as
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