February 7, 2019 / 12:22 PM / 5 months ago

Bank of England to reinvest proceeds from maturing QE gilt

LONDON (Reuters) - The Bank of England said on Thursday it will reinvest 20.6 billion pounds of proceeds from a maturing government bond held as part of its quantitative easing program.

The reverse auctions will start in the week beginning March 7, the BoE said in a statement.

Reporting by Andy Bruce; editing by Stephen Addison

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