Tyrie writes to Carney on gilt market liquidity concerns

Fears of unwinding of QE


Treasury Committee chairman Andrew Tyrie has written to Financial Policy Committee (FPC) chief Mark Carney for a more detailed assessment of current bond liquidity issues, which he warns could leave the UK economy "vulnerable to a vicious circle of declining liquidity and financial distress".

The letter follows a recent report into the issue by the FPC, which monitors systemic risks in the financial system, after a six month investigation. Tyrie said he has particular concerns about gilts,...

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