The Bank of England will slow the reduction in government bond holdings due to market and political pressures as it assesses the impact of past sales.

The Bank of England is preparing to slow the pace of government bond sales amid market volatility and political criticism over losses. A possible 0.25 percentage point interest rate cut and an assessment of the effects of quantitative tightening are expected on August 7. Although the bank says the sales have not materially affected yields, current market conditions may require a recalibration of strategy.