Angry investors blasted the Bank of England on Thursday when it sparked a sell-off in the gilts market after one of the biggest government bond offerings of the year. In an interview published 20 minutes after the £5bn bond deal was finalised, Andrew Sentance, an external member of the Bank’s monetary policy committee, suggested that the Bank might be ready for a sustained pause in its quantitative easing programme to pump cash into the economy through government bond puchases.

This entry was posted by Gwen Robinson on Friday, July 24th, 2009 at 5:40 and is filed under Capital markets. Tagged with bank of england. Edit this entry.