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Carney guessing game feeds bond market distortion

Writer: Editor Desk
Editor Desk
Sep 13, 2016
1 min read

The Bank of England’s guessing game is twisting Britain’s already-distorted bond market. The central bank has published the list of firms which make a “material contribution” to the UK economy and therefore qualify for its 10 billion pound corporate bond-buying spree. So far, the scheme’s main achievement is to flummox traders.Britain’s vote to leave the European Union has forced the BoE to follow the ECB in deciding which companies should have easier access to credit.

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