London | The Bank of England is likely to delay the sale of billions of pounds of government bonds in a bid to foster greater stability in gilt markets following the UK’s failed mini-budget.
The bank had already delayed the start of its sale of £838 billion ($1.5 trillion) of gilts bought under its quantitative easing program from October 6 to the end of this month. It is now expected to bow to investor pressure for a further pause until the market becomes calmer.
