BoE on track with QE says Henderson New Star's Ward

Criticisms towards the Bank of England that it is failing in its objective to improve companies capit...

Criticisms towards the Bank of England that it is failing in its objective to improve companies capital flow because of a bias towards gilts is too simplistic, says Henderson New Star's Simon Ward. According to Ward, the BoE is on course to achieve its target of buying £75bn of assets by early June, while at 16 April cumulative purchases had reached £34.3bn, comprised of £31.5bn of gilts, £0.5bn of corporate bonds and £2.4bn of commercial paper. He says the dominance of gilt-buying has led to criticisms the bank is failing to achieve its objective of improving the flow of finance to compa...