Bank of England MPC Votes 9-0 to Unwind Government Bond Holdings by 2034
The Bank of England's Monetary Policy Committee voted 9-0 at this meeting to establish a multi-year path that will reduce its government bond purchase stock to zero.
The path will unwind quantitative tightening at an average pace of 460 million pounds per year and will continue until 2034.
The quantitative tightening exit plan includes selling 20 billion pounds of gilts each year while allowing its gilt holdings to mature.
Why this event matters
The event has a measured impact on 4 industrys. The strongest current signal is mixed for Life Insurance, with intensity 25/100 and 30% confidence over a medium term horizon.
Financials · 14.7
Life Insurance
- Direction
- mixed
- Intensity
- 25
- Confidence
- 30%
- Horizon
- Medium term
State-owned Banks
- Direction
- mixed
- Intensity
- 20
- Confidence
- 30%
- Horizon
- Medium term
Commercial Banks
- Direction
- mixed
- Intensity
- 20
- Confidence
- 30%
- Horizon
- Medium term
Precious Metals Mining
- Direction
- negative
- Intensity
- 20
- Confidence
- 25%
- Horizon
- Short term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.