Bank of England Should Stop Selling Bonds, Report Says

Author, Conservative former minister Sir John Redwood, says the bank is selling bonds at a loss, which will be reimbursed by taxpayers.

A general view of the Bank of England, in London, on Nov. 11, 2022. Dan Kitwood/Getty Images

The Bank of England (BoE) should stop selling bonds unless the sales will have an important influence on inflation, a report said.

The report, published by free-market think tank the Institute of Economic Affairs (IEA), blamed the central bank’s “bad errors” for runaway inflation, and questioned the rationale of selling bonds at a loss.