Barclays: Slowdown in BOE balance sheet reduction expected to ease pressure on repo market and UK gilts

Zhito Finance APP has learned that the Bank of England kept its benchmark interest rate unchanged at 3.75% on Thursday as expected, but at the same time warned that if the Middle East conflict intensifies inflationary pressures, it may need to raise interest rates. Meanwhile, the Bank of England made a major adjustment to its quantitative tightening (QT) plan, announcing that it will abandon the sale of long-term government bonds and plans to gradually reduce its 488 billion pounds (about 650 billion US dollars) debt portfolio by 2034.