Bank of England expected to slow bond-selling programme and hold interest rates today – business live

Rolling coverage of the latest economic and financial news Bank of England urged to slow or halt bond-selling to slash UK borrowing costs The Guardian view on the Bank of England’s £120bn bill: power without accountability Long-dated UK government bond prices are flat this morning, ahead of the Bank of England’s decisions at noon. This leaves the yield on 30-year UK gilts unchanged at 5.85%, and the 10-year yield marginally higher at 5.301%. “We remain positioned for further equity gains while preparing for near-term volatility. If tightening remains measured, credit spreads remain stable, and profits continue to grow, the rally should have scope to broaden across sectors and regions. We recommend diversified equity exposure while avoiding excessive concentration in areas that are particularly sensitive to interest rates or rely on a single return driver.” Much of the tightening is already priced in. Economic strength makes tightening more manageable. Strong earnings can counter higher yield Continue reading...