BOE Considers Ditching Long-Dated Bond Sales Amid Cost Savings

The Bank of England may be planning to stop selling long-dated bonds that it accumulated after the financial crisis and pandemic. According to a report by the Daily Telegraph, officials at the UK central bank, Treasury, and Debt Management Office have drafted plans for this move.

The newspaper did not reveal its source for this information, but stated that stopping these sales would likely save the Treasury billions of pounds.

Neither the BOE nor the Treasury commented on the report. It is unclear when a decision might be made or what impact it could have on the UK economy.