Bank of England Maintains Bank Rate at 0.5% and Increases Size of Asset Purchase Programme by £50 Billion to £125 Billion
Statement in full here.
The Committee also agreed to continue with its programme of purchases of government and corporate debt financed by the issuance of central bank reserves and to increase its size by £50 billion to a total of £125 billion. The Committee expected that it would take another three months to complete that programme, and it will keep the scale of the programme under review.
Gilt market reaction to be posted on here shortly.
Update @12:15 BST. From Reuters:
Yields, meanwhile, came down across the board – even out at the long end.
5yr:
10yr:
30yr:
We’d expect the price on the 30yr to fall away again, but so far its staying high. Yield is hovering around 4.44 having come off its initial low.