The central bank said Wednesday it will deal with a 52 million-pound shortfall ($60.8 million) in an operation on Tuesday at a later date as it made no changes to its expanded 60 billion-pound quantitative-easing program. Details of these purchases will be announced when the institution publishes information on the second half of the plan on Nov. 3.
The statement came a day after the BOE failed to buy all the gilts it wanted at a reverse auction -- the first such shortfall since it started QE in 2009 -- as investors proved unwilling to part with their holdings of longer-dated bonds.
18:04 The 2019 Volvo XC40 will be available through smartphone-style subscription plan32
16:45 Café Tacvba plan a Houston meet-and-greet for storm relief11
13:57 Taco Bell intends to serve up booze, scrap drive-thrus in big-city expansion plan32
17:28 Salata to open second Pearland location72