Quick take: Bank of England deadline on Gilts
October 14, 2022 (Investorideas.com Newswire) "Despite assertions from the Bank of England to the contrary, we expect that the UK's central bank will extend in some form its bond-buying support beyond Friday's self-imposed deadline. It will likely be called something other than an 'extension', but we expect that support will not be removed.
"In the midst of such market upheaval, the Bank can't change path now. Gilt markets are a cornerstone of the financial system and a major pillar upon which pensions, insurance, amongst other funds, rely."
Nigel Green, deVere Group CEO and founder.
deVere Group is one of the world's largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.
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