Summary: The Bank of England held Bank Rate and said it would slow quantitative tightening, skewing sales away from long‑dated gilts after market turbulence.
Why it matters
A gentler QT reduces pressure on the long end of the gilt curve and helps the Treasury’s financing plans—while leaving room to cut later if growth weakens.
Key facts
- Policy: hold at 4% after August’s cut.
- QT pace: roughly £65–70bn per year, with fewer very long‑dated sales.
- Rationale: minimize disruption after recent volatility.
What to watch
Minutes on QT mix, CPI trend, and spillovers from France’s downgrade into UK/EU spreads.