Bank of England set to stop selling long-dated gilts, Telegraph reports
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9 Articles
Bank of England poised to slow bond sale programme
The Bank of England is likely to slow its unusual approach to offloading gilts after conceding it had pushed up borrowing costs at a time when government bond yields have hit near-record highs, economists have predicted. The Bank’s Monetary Policy Committee will vote to reduce the pace of its ‘quantitative tightening’ programme from £70bn to £50bn and could halt sales of long-dated bonds when it it meets on Thursday, several economists said. The…
Why the BoE may stop selling long gilts as Britain’s bond stress deepens
The Bank of England may stop selling some of its longest-dated government bonds as policymakers rethink quantitative tightening after a renewed surge in UK borrowing costs. The Telegraph reported on Tuesday that the central bank is preparing to stop sales of 20- and 30-year gilts, with an announcement expected alongside Thursday’s monetary policy decision. The move would deepen a shift already under way, rather than mark a sudden reversal of the…
The Bank of England is preparing to halt sales of 20- and 30-year government bonds after a sharp sell-off in the bond market. The annual balance sheet reduction target is also expected to be pulled from £70bn to around £50bn. 🚆
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