Bank of England’s Pill expects QE gilt holdings to be cut to ‘very low’ level
By David Milliken LONDON (Reuters) -Bank of England Chief Economist Huw Pill said he expected the central bank to reduce the British government bonds it holds for monetary policy purposes to “very low” levels, though it could still retain gilts for other reasons. The BoE bought 875 billion pounds ($1.15 trillion) of gilts between 2009 …
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