Birdwatch Note Rating
2024-08-01 23:44:02 UTC - HELPFUL
Rated by Participant: 403D18F90EE3AF7669CC241878960D79672EBC297E9319EE409A8176E0BC6B90
Participant Details
Original Note:
A Working Paper published by the Bank of England itself in May 2024 calculates that two thirds of the spike in gilt yields in September 2022 was caused by excessive LASH risk after the Bank failed to oversee pension funds effectively. https://www.bankofengland.co.uk/-/media/boe/files/working-paper/2024/lash-risk-and-interest-rates.pdf
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