BoE completes unwind of gilt market intervention
“Financial stability portfolio” took a month and a half to wind down, as QT continues
The Bank of England has finished selling the assets it bought in September and October as an emergency intervention in the UK government bond, or gilt, market.
After bringing the value of the portfolio near zero in its regular operation, the central bank said it sold the small remaining holdings in bilateral trading today (January 12).
Sales of assets held in the £19.3 billion ($23.5 billion) “financial stability gilt portfolio” began on November 29, meaning it took around a month and a half
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