Bank of England crisis

Bank of England egamba abalungamya okugenda mu maaso amangu ku nnongoosereza mu LDI oluvannyuma lw’obuzibu mu mbalirira entonotono

LONDON, March 29 (Reuters) - Bbanka ya Bungereza ku Lwokusatu yategeezezza abavunaanyizibwa ku kulungamya emirimu okugenda mu maaso n’okukakanyaza amateeka agakwata ku nsimbi ezikozesebwa amakolero g’akasiimo mu Bungereza katono okugwa omwaka oguwedde oluvannyuma lw’eyali Ssaabaminisita Liz’s Truss okukola “embalirira entonotono.”

Ekitongole kya BoE kitegeezezza nti enkola ya bbanka ya Bungereza si mu kabi olw’ekika ky’akavuyo akabadde katadde bbanka ezimu mu Amerika ne Credit Suisse mu Switzerland.

Wabula akakiiko ka BoE akavunaanyizibwa ku nkola y’ebyensimbi kaasabye abavunaanyizibwa ku kulungamya akasiimo okukola “mu bwangu” okukendeeza ku bulabe obuyinza okuva mu ssente z’okusiga ensimbi ezitambulira ku buvunaanyizibwa (LDI).
BoE yawalirizibwa okutongoza oluzannya olupya olw’okugula bond za gavumenti oluvannyuma lw’okulangirira gavumenti ya Truss ku kukendeeza ku misolo eminene egitaweebwa ssente mu September w’omwaka oguwedde, kyavaako amagoba ga gilt okweyongera n’okuyita omusingo n’okwongera okutunda bond.

Ssente za LDI zirina okuteekawo ssente ezimala okulaba nga zisobola okugumira okulinnya kw’amagoba ga bond za gavumenti ezitakka wansi wa 250 basis points waggulu w’obukuumi obulala okuva ku kukyukakyuka kw’akatale, BoE bwe yategeezezza ku Lwokusatu.

Mu nkola, ensimbi za LDI, ezikozesebwa ennyo enteekateeka z’akasiimo okulaba nga zisasulwa abaweebwa akasiimo, zijja kuba zirina okukuuma enkalakkalira obuterekero bw’ensimbi nga 300-400 basis points, nga bwe zibadde zirina okukola oluvannyuma lw’obuzibu bw’embalirira entonotono.

FPC era etegeezezza nti waliwo obwetaavu okukakanyaza okugumira embeera y’ensimbi z’akatale ka ssente, ezikozesebwa amakampuni mu kugaba ssente eza buli lunaku, era abavunaanyizibwa ku kulungamya emirimu mu Bungereza bagenda kufulumya olupapula olw’okwebuuza ku nkola ya MMF ku nkomerero y’omwaka guno.

Bbanka enkulu era egenda kulaga mu kwata y'okubiri ebikwata ku "nkola y'okunoonyereza" yaayo esooka okunoonyereza ku ngeri bbanka n'ezitali bbanka gye zikwatamu awamu ku situleesi y'akatale.

Enkola eno kabonero akasembyeyo okulaga engeri bbanka enkulu gye zitunuuliramu ennyo bbanka ezitali za bbanka, ezifugibwa ebitongole ebilondoola emigabo okuva edda nga biwakanya enkola ng’ezo.

Wabula ekitongole kya bbanka ekya Bungereza ekigazi kirimu kapito omulungi era kirina ebifo ebinene eby’okutereka eby’obugagga eby’amazzi, era kyandisobodde okugenda mu maaso n’okuwola bizinensi singa amagoba geeyongera okulinnya ate ebyenfuna ne byonoonebwa, FPC bwe yategeezezza oluvannyuma lw’olukiiko lwayo olwa March 23, ekiraga nti tewali nkyukakyuka yonna ku... amateeka ga bbanka gaali geetaagisa mu kiseera kino.

FPC yakikkaatirizza nti "bbanka zonna eza Bungereza" zeekenneenyeddwa ku bugumiikiriza bwazo eri entambula z'okulinnya kw'amagoba, omuli n'okukosa okukwata kwazo mu bifo bya net open bond.

"FPC egenda kwongera okulondoola enkulaakulana n'obwegendereza naddala olw'akabi akali mu kusaasaana mu ngeri etali ya butereevu okukosa enkola y'ebyensimbi mu Bungereza mu bugazi," bwe yategeezezza ng'egamba nti ssente za bbanka ziyinza okulinnya mu ngeri ey'olubeerera ezaalinnya gye buvuddeko.

FPC yaleka nga tekyusizza ssente bbanka za kapito ze zirina okuteeka ku bbali okulaba ng’okuwola bizinensi kutambula nga tewali kiziyiza - ekimanyiddwa nga countercyclical capital buffer (CCB).

Nga batunuulira engeri ebyenfuna bya Bungereza gye bigumira embeera y’amagoba okulinnya ennyo okuva ku nkomerero ya 2021, FPC yategeezezza nti bizinensi zisigadde nga zigumira embeera ng’amabanja gaazo gasuubirwa okusigala wansi nnyo ku ntikko ezaaliwo emabega.

Ebbeeyi y’amasannyalaze okukka n’entunula ennungi ku katale k’emirimu mu Bungereza kitegeeza nti amaka matono agayinza okuba n’obuzibu bw’amabanja olw’ebbeeyi y’ebintu okubeera waggulu okusinga bwe kyalowoozebwa mu December.