Bank of England cuts QT pace to £46 billion a year and drops direct long-gilt sales
- —The BoE's total gilt portfolio is £488 billion, of which £368 billion will be reduced
- —Annual direct sales are £20 billion, with the rest coming from not reinvesting maturities
- —Gilts maturing in 2035–2049 worth £146 billion will be sold at £20 billion a year
- —The 10-year UK gilt yield fell 6 bps to 5.243%, while the pound fell to $1.3362
Why it matters: A slower QT reduces pressure on long-term rates and global liquidity, which typically supports risk assets, including crypto.
Source: TokenPost