News Headline Summary

BoE's King says size of asset purchases, sales will need to take into account repayments of maturing bonds

Says:
- MPC satisfied ability to set monetary policy unaffected by transfer of QE cash.
- QE cash transfer amounts to small loosening of monetary conditions.
- Majority of transfers will need to be reversed.

Reaction details:

- In reaction to the news, UK 10-year gilts futures move 31 pips to the upside from 120.60 to 120.91.

Print 11:44, 09 Nov 2012 - BoE - Source: Newswires