Monetary Policy

Treasury written question – answered on 15th June 2020.

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Photo of Lord Myners Lord Myners Crossbench

To ask Her Majesty's Government whether any purchases made by the Bank of England this year under the quantitative easing arrangements have been of gilt-edged securities issued within less than one month of the Bank’s acquisition thereof.

Photo of Lord Agnew of Oulton Lord Agnew of Oulton Minister of State (HM Treasury), Minister of State (Cabinet Office)

The Bank of England’s Asset Purchase Facility Fund, its subsidiary used to implement quantitative easing, has purchased gilt-edged securities within one month of their issuance in 2020. This is in line with the Facility’s public operating procedures which require that it does not offer to purchase gilts within one week of their issue by the UK Debt Management Office.

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