Bank of England to go ahead with QT
Central bank delays start of bond sales by one day to avoid fiscal announcement
The Bank of England said it will go ahead with quantitative tightening (QT) as planned, putting an end to speculation that it might hold off due to market turbulence.
In a statement on October 18, the BoE said it would begin selling assets held under its £838 billion ($944 billion) asset purchase facility on November 1. This is one day later than planned, as the government is now making an announcement on its fiscal policies on October 31.
The BoE said it would proceed with sales at a “similar
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