BOE completes sale of £19 billion emergency bond purchases

  • The bonds were bought during late September to early October in order to stabilise the gilts market

If you recall, the panic was caused by the whole mini-budget fiasco involving Liz Truss and Kwasi Kwarteng. The BOE now says that it has completely unwound the £19.3 billion worth of long-dated and index-linked gilts, which was bought during that period.

This comes after another round of £7 billion sales via its regular operations earlier this week, before selling off the small residual amount through bilateral sales today.

Top Brokers

Sponsored

General Risk Warning
investingLive Premium
Telegram Community
Gain Access