Bank of England pauses active gilt sales until April
BOE announced changes to quantitative tightening, including a pause in active gilt sales until April, reducing near-term gilt supply, BNP Paribas said.
The Bank of England on Thursday announced significant changes to its quantitative tightening programme, or the process of shrinking its gilt holdings, which BNP Paribas said is a positive development for the gilt market in a note. The pause in active gilt sales until April reduces gilt supply, the note said.