Economy
Bank pauses gilt auctions while reviewing sales to government
The Bank will pause APF gilt auctions while reviewing a model for selling holdings to the Government.
What happened
On 17 September 2026, the Bank said it would pause Asset Purchase Facility gilt auctions as it reviews a model for selling gilts to the Government. The move supports the MPC’s decision to unwind gilts held for monetary policy purposes.
Why it matters
For gilt-market participants, the pause changes the immediate mechanism for unwinding the APF portfolio. The Bank’s review could mean future sales are structured through a Government transaction rather than continuing with the current auction approach.
Source: Bank of England