Bank of England holds interest rates at 3.75% and announces bond sales
The Bank of England kept interest rates on hold at 3.75%, warned of potential future rises due to Middle Eastern conflict, and announced a surprise plan to sell billions in government bonds back to the Treasury, shaking up its quantitative tightening and gilt sales.
- Bank of England holds interest rates at 3.75%.
- Central bank announces surprise plan to sell billions in UK government bonds back to the Treasury.
- Bank warns Middle East conflict could force future rate rises.
- Surprise announcement to shake up quantitative tightening and sell £146bn in gilts