BOE’s Messaging Is Under Fire as Hawkish Pivot Fuels Bond Rout

The Bank of England's decision to publish individual rate-setters' views has been criticized by market analysts and is blamed for contributing to a recent selloff in UK government bonds. Analysts warn the change in communication has increased volatility in gilt markets and could complicate market pricing of future policy moves and UK yield expectations.

Analysis

The Bank of England's decision to publish individual rate-setters' views has been criticized by market analysts and is blamed for contributing to a recent selloff in UK government bonds. Analysts warn the change in communication has increased volatility in gilt markets and could complicate market pricing of future policy moves and UK yield expectations.