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Bank of England Overhauls Gilt Sales Plan to Ease Bond Market Pain

Bloomberg · first seen 18.09.2026

The Bank of England held interest rates unchanged at 3.75% and announced an overhaul of its quantitative tightening program, scrapping plans to sell long-dated gilts to relieve pressure on the UK bond market, while officials warned that Middle East conflicts could drive up inflation and necessitate future hikes.

  • The Bank of England scrapped plans to sell long-dated gilts.
  • UK government bonds flipped to gains following the policy shift.
  • The Bank of England held interest rates at 3.75%.
  • Officials warned that Middle East conflict could spark future rate hikes.

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