The Bank of England (BoE) will decide this month whether to speed up quantitative tightening in a move that would free up billions of pounds for the Treasury ahead of the Autumn Budget on 30 October.
At the upcoming meeting, the BoE's monetary policy committee (MPC) will set out its programme for selling gilts back to financial markets over the next 12 months to reduce its balance sheet, according to a report by The Times. Almost 70% of fund managers expect Labour policies to boost economic growth The UK's central bank is currently losing billions of pounds on its bond sales with the Treasury picking up the tab, which impacts how much spending power Chancellor Rachel Reeves will have, considering Labour's target to lower the debt ratio over a five-year rolling period. BoE estim...
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