Birdwatch Note Rating
2024-08-01 18:42:21 UTC - HELPFUL
Rated by Participant: E6EE90915FF1CF348ACAC171D845BDE4EE24ACBB9C3EA1CD804CF920CFD026DF
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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