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Bank of England to start selling emergency gilt purchases from Nov. 29

Bank of England to start selling emergency gilt purchases from Nov. 29 By Reuters

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Economy 8 minutes ago (Nov 10, 2022 18:18)

© Reuters. FILE PHOTO: The logo of Bank of England is pictured during the Monetary Policy Report News Conference at The Bank of England, in London, Britain November 3, 2022. REUTERS/Toby Melville/Pool

LONDON (Reuters) – The Bank of England said on Thursday that from Nov. 29 it would start to sell back to the market some of the 19 billion pounds ($22 billion) of long-dated and index-linked gilts which it bought last month to quell market turmoil.

The BoE said the plan was “a demand-led approach to unwind recent financial stability gilt purchases in a timely but orderly way”.

($1 = 0.8580 pounds)

Bank of England to start selling emergency gilt purchases from Nov. 29

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