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- Title
Using changes in auction maturity sectors to help identify the impact of QE on giit yields.
- Authors
Banerjee, Ryan; Latto, David; McLaren, Nick
- Abstract
The article focuses on the role of operational changes to identify the impact of quantitative easing (QE) policy on gilt yields. It is stated that expectations of gilt purchases are increased when economic news and data are released in advance of the Monetary Policy Committee (MPC) announcement. It is stated that the presence of the central bank in the gilt market as a buyer improves market functioning and increases liquidity.
- Subjects
QUANTITATIVE easing (Monetary policy); SECURITIES; MONETARY policy; CENTRAL banking industry; LIQUIDITY (Economics)
- Publication
Bank of England Quarterly Bulletin, 2012, Vol 52, Issue 2, p129
- ISSN
0005-5166
- Publication type
Article