BOE to Outline End of Emergency Gilt Purchases ‘Shortly’

The Bank of England will “shortly” announce plans to sell bonds it purchased earlier this year to help stave off a disorderly market rout, according to executive director for markets Andrew Hauser.

“We have been working at pace to design an exit strategy,” Hauser said at a European Central Bank conference Friday, adding the bank would give more details on timing over the next couple of weeks. “There will be no binding volume target for sales, but rather a demand-led approach guided by market appetite.”