The Bank of England has cancelled the previously planned sale of its long-dated bonds, pushing it to the brink of “restrictive” fiscal policy, economists have warned.
The central bank was set to auction off some of its long maturity bonds on 14 April but in a notice on Thursday (10 April) it said it was switching this to short maturity bonds "in light of recent market volatility". US tariffs threaten UK growth and stymie Reeves and BoE's plans Equity and fixed income markets have had one of the most turbulent weeks on record, triggered by US President Donald Trump's tariff war launched last week. The back and forth from the US on hiking, pausing or increasing various levies has sent equities into a spiral, and UK gilt yields have crept up to 200...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
