LONDON, March 24 (Reuters) - The Bank of England said on
Friday it intended to sell 9.24 billion pounds ($11.29 billion)
of government bonds from its quantitative easing stockpile in
the three months to the end of June, down slightly from 9.75
billion pounds in the first quarter.
The BoE added that it would hold fewer auctions than in the
first quarter, but the average auction size would be higher at
770 million pounds rather than 650 million pounds.
Gilt sales would be spread evenly across maturities, as
before, the central bank said.
($1 = 0.8183 pounds)
(Reporting by David Milliken, Editing by Kylie MacLellan)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.