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MNI BRIEF: BOE Bailey - Could Suspend QT, Won't Disrupt Market

(MNI) London
(MNI) London

BOE officials say gilt sales could be suspended; sales schedule possible in August

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The Bank of England will set out its plans for gilt sales in August and could suspend sales if market conditions turn adverse, policymakers told the Treasury Select Committee on Monday.

The Monetary Policy Committee has said it will consider gilt sales now Bank Rate is at 1% and Governor Andrew Bailey told the TSC "We are not going to do it in disruptive market conditions ... We could suspend it if necessary."

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The Bank of England will set out its plans for gilt sales in August and could suspend sales if market conditions turn adverse, policymakers told the Treasury Select Committee on Monday.

The Monetary Policy Committee has said it will consider gilt sales now Bank Rate is at 1% and Governor Andrew Bailey told the TSC "We are not going to do it in disruptive market conditions ... We could suspend it if necessary."

Keep reading...Show less