Reuters reveals Bank of England would sell gilts even if it cuts rates in future, Ramsden says


Economy

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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