Bank of England gilt sales 'unlikely to upset markets too much'

Central bank raises rates to 1.75%

clock • 3 min read
Bank of England governor Andrew Bailey
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Bank of England governor Andrew Bailey

The Monetary Policy Committee has confirmed the Bank of England would begin selling gilts held in the Asset Purchase Facility later this year but markets are likely to take this move in their stride, according to industry commentators.

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% toda...

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