Bank of England says first gilt sales will take place November 1

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LONDON — The Bank of England said on Tuesday the first sale of gilts held in its asset purchase facility would take place on November 1 in light of the government’s plan to make a budget announcement on the previously scheduled November 31 date. october.

« The first gilt sale was scheduled to take place on October 31, 2022 and continue thereafter, » the bank said in a statement.

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« In light of the government’s budget announcement now scheduled for October 31, 2022, the first gilt sale will now take place on November 1, 2022. » (Reporting by William James, editing by Paul Sandle)