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Saturday, 20 December 2014

BoE should buy mortgage-backed securities

Time to swerve, Merv

Buyers for UK MBS have all but disappeared, pushing prices down to ludicrously low levels. The central bank wants to stay a referee, not a player. But in a credit crunch, intervention looks like the best way to keep this match going. Besides, the BoE would probably make a packet.



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