Bank of England Hits Brakes on Long-Term Bond Sales

The Bank of England is reportedly planning to pause its long-term bond sales as part of a comprehensive overhaul of its bond sale program.

This decision comes after the UK's central bank accumulated up to £895bn in bond holdings through quantitative easing since 2009, now reduced to around £490bn.

Market participants expect the Bank of England will slow its quantitative tightening pace to £50bn a year for the next 12 months starting in October, with only about £20bn of active sales expected.