The Bank of England again postpones bond sales until the markets stabilize

The start of sales of government bonds worth billions of pounds is likely to be postponed by the Bank of England for a longer period. According to the Financial Times, this measure is necessary in order to stabilize government bond markets after the failure of the British "mini-budget".

In conditions of instability of financial markets, last month the Bank of England announced an emergency assistance program needed to resume selling securities. The start of a program to sell part of its 838 billion pounds ($954.90 billion) of government bonds has been postponed by the central bank from October 6, the originally designated date, to October 31.

The decision to postpone was made by the BoE’s senior officials, due to the fact that in recent weeks the securities market was assessed by them as “very distressed”. This decision was supported by the Financial Policy Committee of the Bank of England.