BoE gilt sales 'unlikely to upset markets too much'

Come after the central bank yesterday enacted the largest rate hike in 27 years

clock • 2 min read
BoE gilt sales 'unlikely to upset markets too much'

The monetary policy committee (MPC) has confirmed the Bank of England will begin selling gilts held in the asset purchase facility (APF) later this year.

The central bank also predicted the UK will likely fall into a recession in the fourth quarter of 2022, as growth concerns mount off the back of the central bank raising rates by 0.5% to 1.75% yest...

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