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ReutersBoE's Bailey sets out reserves plans as BoE unwinds bond purchases
Bank of England Governor Andrew Bailey set out on Tuesday an outline for how the central bank intends to ensure stable money markets as it sells more of the 875 billion pounds ($1.11 trillion) of government bonds it bought between 2009 and 2021. Bailey said in a speech that as the BoE reduced its bond holdings - currently at a pace of 100 billion pounds a year - it would become clearer how much cash banks and other financial institutions wanted to hold with it. The size of the BoE's balance sheet is inflated because of the cash created under its quantitative easing operations, but the central bank has long said it does not expect its balance sheet to return all the way down to its size before the 2008 financial crisis.
PA Media: MoviesThe Apprentice director thinks Donald Trump would not ‘dislike’ film
The movie, which premiered at the Cannes Film Festival on Monday, portrays Trump’s dealings with American lawyer Roy Cohn.
Yahoo Life ShoppingDo red light face masks really reduce signs of aging? We talked to dermatologists to find out
You can use these trendy LED treatments at home, but are they safe and effective?
