Bank of England Leaves Interest Rate Unchanged and Slows Quantitative Tightening

Bank of England Slows Pace of QT, Skews Away From Long-Dated Gilt ...

Bank of England slows rate it sells off government bonds

The Bank’s announcement came alongside its decision to keep UK interest rates at 4%. The Bank of England has said it will reduce the speed at which it offloads government debt, weeks after a global sell-off triggered turmoil in the financial markets. The Bank’s announcement came alongside its decision to keep UK interest rates at 4%. The central bank has been selling off its stock of government bonds to a target of £100 billion-a-year for the pa…

Bank of England leaves interest rate unchanged and slows quantitative tightening

The Bank of England has announced it is scaling back the rate at which it is selling bonds into the financial market as part of its quantitative tightening programme.

BOE Slows QT Pace to £70 Billion, Limits Long-Dated Sales

The Bank of England will slow the pace at which it is reducing its government bond holdings and skew sales away from longer-dated debt to help limit the impact of quantitative tightening on the gilt market.

LCP: BoE holds rates at 4% and slows gilt reductions as inflation remains stubborn - Wealth DFM

The Bank of England’s Monetary Policy Committee (MPC) held rates at 4.0% today, which was widely expected by investors. The decision was split 7-2, with most opting to keep rates unchanged, while two members favoured a 0.25% reduction to 3.75%.  Natalie Brain, Partner in LCP’s investment team, commented: “The Bank of England’s decision to hold rates at 4% reflects concerns over UK inflation which remains well above target. UK CPI inflation was 3…

Bank of England holds interest rate at 4%

In a widely expected move, the Bank of England today (18 September) held interest rates at 4% in its September meeting, with the Monetary Policy Committee (MPC) voting 7-2 to maintain the rate. While the rate remains at its lowest level since February 2023, Lindsey James, investment strategist at Quilter, described the decision to hold as a “far from ideal scenario” for the government as it contends with weakening economic growth but persistentl…