- Policymakers feel that gilts market have been "very distressed" in recent weeks
- Inflation control can be managed via interest rate changes
- Likely to see a further pause in sale of gilts bought until market is calmer
- Full report (may be gated)
And so the can gets kicked down the road again. But for now, stability in UK bonds is very much needed so this is arguably a welcome development. The pound got a slight nudge higher, with cable moving up from 1.1375 to 1.1408 before settling back around 1.1380 at the moment.
