UK DMO chief brushes off QE slowdown

By Burhan Khadbai
25 Jun 2020

Speaking at a Treasury Committee hearing on Wednesday, Sir Robert Stheeman, chief executive of the UK’s Debt Management Office, said that he was not concerned about the Bank of England’s decision last week to slow down the pace of Gilt purchases until the end of the year.

“My big concern is not about the pace of QE,” said Stheeman. “It is not even about the quantum of QE — that, as I say, is a matter for the Bank. My concern is about the smooth functioning of the market, and I think it is notable ...

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