Reuters reveals Bank of England would sell gilts even if it cuts rates in future, Ramsden says – Reuters News Agency
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Economy
09 August 2022, 2:53 pm. 1 minute
| Reuters exclusively revealed the Bank of England (BoE) would press on with plans to gradually sell its vast stock of British government bonds even if an economic slowdown eventually forces it to cut interest rates. The BoE is primed to become the first major central bank to sell some of the bonds it purchased during more than a decade of quantitative easing, with a 40 billion-pound sales programme likely to start next month. |
Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: Economy & Policy
Regions: Europe
Countries: England
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
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