Lates News

Barclays Bank's Chief Economist in the UK, Jack Meaning, pointed out in a report that the Bank of England may maintain its pace of 100 billion in annual quantitative tightening in September. Quantitative tightening refers to the process by which the central bank gradually reduces its holdings of bonds purchased during a period of quantitative easing. Meaning suggested that the Bank of England may adjust the maturity structure of bond sales but is likely to continue with its sales plan. He noted that actively sold bonds could amount to 51 billion (consistent with the pace of sales in the past two years) with an additional 49 billion naturally reducing through bond maturities.