Sentences with phrase «boe gold holdings»

To put some context around this, let us consider for illustration's sake that about 80 % to 90 % of BoE gold holdings are accounted for by the official sector.

Not exact matches

Nevertheless, the BoE does hold some gold custody accounts for certain commercial banks.

However, for gold we can look to BoE vault holdings, which go back to 2011, for some hints.

To be sure, this is somewhat simplistic in that, as mentioned earlier, the BoE also offers custody accounts to certain commercial banks, while at the same time it is also possible for central banks to hold their gold in non-BoE vaults.

For gold, we can take the analysis further: as the BoE also publishes gold vault holdings data separately, we are able to split out — at least in aggregate — what is held in other vaults.

On the assumption that the BoE custody service primarily caters to central bank customers, it's probably fair to say that 1) the bulk of BoE gold represents official sector holdings and 2) gold held in other vaults is likely to be more investment - related.

The BoE provides gold custody services primarily to central bank customers to help them get access to London gold market liquidity, although it also holds some gold custody accounts on behalf of certain commercial banks that support central bank access to the liquidity of the London gold market.

As we argued earlier, the BoE's gold holdings likely mainly reflect official sector positions.

The data published today represents aggregated data collected from the Bank of England (BoE) and seven other custodians that offer vaulting services, and covers end - period holdings of gold and silver from July 2016 to March 2017.