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The Bank of England (BofE) has confirmed that it is midway through work to decide on the appropriate steady-state response to the gilt market volatility seen in autumn 2022, and is aiming to publish the framework in the second half of March.

Speaking at a Work and Pensions Committee (WPC) hearing, BofE executive director, financial stability strategy and risk, Sarah Breeden, suggested that while the guidance from The Pensions Regulator and European regulators had been a "great interim step", it was a "holding measure"




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