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
Sources
- The Guardian — The Bank of England is shaking up its bond sales – why does it matter?
- The Guardian — Burnham’s talk of ‘breathing space’ at odds with reality of future Bank rate rises
- CNBC — Bank of England defies Fed’s rate-hike lead, leaving rates unchanged
- The Guardian — Bank of England holds interest rates at 3.75% but warns war could force future rises
- BBC — Interest rates hold expected but Bank of England facing tough choices
- BBC — Petrol and diesel price rises push UK inflation higher