Economists advise Bank of England to stop active bond sales to curb rising borrowing costs

Economists are calling on the Bank of England to discontinue its active bond-selling program, part of its quantitative tightening policy. They argue that these sales are contributing to increased government borrowing costs, with the 30-year gilt yield reaching approximately 5.8%, its highest since 1998. Unlike other central banks, the BoE's active sales are increasing long-dated gilt supply, pushing yields higher.