BOE to make statement on Tuesday’s reverse auction failure

Headlines crossing the wires MNI that the Bank of England (BOE) will attempt to explain its failure to buy government bonds at 0800GMT today.

As Reuters reported, the BOE fell 52 million pounds ($68 million) short of its target to buy more than a billion pounds of long-dated government debt on Tuesday, an early slip-up for one of its latest measures to stimulate Britain's economy.