BOE: 3- To 10-Year Reverse QE Gilt Auction Covered 1.81 Times

LONDON (MNI) – A Bank of England reverse gilt auction of 3- to
10-year gilts today was covered 1.81 times.

BOE officials have suggested that the current pace of gilt buying –
of around stg20bn per month is appropriate and that any acceleration of
purchases would run the risk of an uncovered auction.

The BOE had signaled it will likely extend its QE programme when
the present stg75bn expires in February. That announcement could be made
as early as January meeting, analysts have said.

–London newsroom: 4420 7862 7491 email: ukeditorial@marketnews.com

[TOPICS: M$B$$$,M$$BE$,MT$$$$]