BOE Could Reduce Long-dated Gilt Sales Under Quantitative Tightening Program
Dow Jones
Jul 22
1445 GMT - The Bank of England could cut sales of long-term U.K. government bonds, or gilts, under its quantitative tightening program, TD Securities' Pooja Kumra says in a note. Quantitative tightening is the process in which the BOE reduces bond holdings acquired during previous periods of quantitative easing. The size of the BOE's long-dated gilt assets has declined due to the gilt sales program, which began in 2022. The BOE could reduce long-term gilt sales starting October to reflect the limited stock of these bonds remaining on the BOE's balance sheet, Kumra says. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
July 22, 2026 10:45 ET (14:45 GMT)
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