The market for inflation risk

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Saleem Bahaj discusses transaction-level data on the universe of traded UK inflation swaps to characterise who buys and sells inflation risk, when, and with what price elasticity. 

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Any views expressed are solely those of the author(s) and so cannot be taken to represent those of the Bank of England or to state Bank of England policy.

Image courtesy of interviewee. August 2, 2023

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