Policy paper

Management of the Official Reserves

This document explains the HM Treasury바카라 사이트檚 approach to managing the official reserves and highlights changes to the investment strategy of the reserves.

From:
HM Treasury
Published
11 March 2020
Last updated
24 March 2020 바카라 사이트� See all updates
This was published under the 2019 to 2022 Johnson Conservative government

Documents

PDF, 393 KB, 19 pages

PDF, 77.3 KB, 6 pages

Details

Since 2018, and following the conclusion of the government바카라 사이트檚 post-crisis additional financing programme, the investment strategy for the whole portfolio of reserves has been reviewed. The new strategy will take effect from 2020-21. The main outcome of the review was a change in approach to the trade-off between policy readiness, risk, and return. As a result of the review, the reserves will now seek to maximise value to the taxpayer and optimise return, whilst ensuring policy readiness and overlaying constraints to prudently manage financial risks.

Updates to this page

Published 11 March 2020
Last updated 24 March 2020 show all updates

  1. Updated with 'Management of the Official Reserves: 2013'.

  2. First published.

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