Economy · World
Bank of England Reportedly Pausing Long-Dated Gilt Sales
The Bank of England is reportedly planning to stop selling long-dated gilts, according to reports from The Daily Telegraph, Reuters, and Bloomberg. This move comes amid bond market turmoil and follows calls from economists urging the Bank to slow or halt its bond-selling program. These economists argue that the Bank's quantitative tightening policy has blurred the lines between monetary and fiscal policy, costing the exchequer billions of pounds. The Guardian's editorial suggests this situation raises questions about power without accountability, as ministers are left accountable for decisions they cannot directly control.
How outlets across the spectrum covered it
L 1 C 2 R 1
- Left (1): The Guardian
- Centre (2): Bloomberg, Reuters
- Right (1): The Daily Telegraph