Reported about 14 hours ago
The Bank of England plans to slow its £100 billion-a-year pace of reducing its government bond holdings due to increased market volatility while keeping interest rates steady. Despite the central bank's belief that quantitative tightening (QT) has minimal impact on the broader economy, it faces scrutiny from financial markets concerned about rising government borrowing costs. Economists predict a reduction in the QT pace to around £67.5 billion, and the BoE aims to balance removing excess cash from the system without appearing politically influenced ahead of upcoming budget decisions.
Source: YAHOO