Bailey Says BOE Will Stop Market Support Friday

The transcript discusses the Bank of England's decision to stop intervening in the bond market, urging investors and pension funds to adjust their positions. Governor Andrew Bailey's speech at the IMF event highlighted the bank's role in maintaining financial stability amid market volatility. The discussion also covers the challenges central banks face in balancing monetary policies to manage inflation and market stability.

What were the implications of the pension funds' duration problems mentioned in the text?

In what ways did the market react to the Central Bank's announcements?