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The Guardian - UK
The Guardian - UK
Business
Heather Stewart Economics editor

The Bank of England is shaking up its bond sales – why does it matter?

Bank of England John Healey Bonds MPC Covid-19 DMO Jefferies QT United Kingdom
Stacked sheets of uncut new King Charles £10 banknotes await cutting
The Bank is selling off hundreds of billions of pounds worth of government bonds it bought via the emergency policy of quantitative easing during the financial crises and Covid. Photograph: Bank of England/PA

Mixed in with the Bank of England’s decision on Thursday to hold interest rates at 3.75% was a surprise announcement that it was shaking up its programme of quantitative tightening.

So why is this apparently arcane change to QT important, and what does it mean for the public finances?

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