Bank of England holds, warns

The Bank of England held its Bank Rate at 3.75% and warned further increases were likely if inflation persisted, with three policymakers voting for a rise.

The Guardian

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

What the plan to sell £146bn in gilts back to the Treasury means for the public finances Bank of England holds interest rates Burnham’s talk of ‘breathing space’ at odds with reality of future rate rises 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? Continue reading. . .