August 04, 2022 11:00 GMT
The MPC said Thursday it is 'minded' to start the sale of Gilts from its APF before the end of September 2022, subject to a confirming MPC vote earlier in the month.
- Policymakers decides a reduction in stock of purchased Gilts of GBP80 billlion in the first year would likely be appropriate, with around GBP10 billion in active sales each quarter.
- Further provisional details on operational terms to be published on/around Sept 1
- The Bank will provide final confirmation of initial sales schedule alongside announcement of future MPC vote, with at least one week's notice to start.
- A 'provisional' market notice will be published at 1200BST Thursday.