Bank of England expects UK to fall into longest ever recession

Re:Bank of England expects UK to fall into longest ever rece... by gghhzzgghhzz on Thursday November 03, 2022 @07:06PM (#33459232)

"They are completely unable to sell bonds now. At this point, they are being forced to buy their bonds in order to keep the market for their bonds from total collapse."

This isn't true though. there is still large over-subscription on guilt auctions. https://www.dmo.gov.uk/data/pdfdatareport?reportCode=D2.1A

interest rates are higher that is true.

yes there was a period of buying guilts, but Bank of England has reversed this now and is going through policy (incorrect in my opinion) of quantitive tightening and selling what it 'bought' during QE https://www.ft.com/content/64e5dcdd-42a8-4013-a3bd-75a62cf8e...

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Re:Bank of England expects UK to fall into longest ever rece... by AnimalMuppet on Thursday November 03, 2022 @07:15PM (#33459287)

Ahem. It's "gilt" auctions, not "guilt" auctions. Guilt auctions would be selling indulgences, or poor people bidding to serve jail sentences for money, or something.

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