BoE must sell emergency bond purchases in 'timely' way - Hauser

The Bank of England must sell in "a timely and orderly" way the 19.3 billion pounds ($21.7 billion) of government bonds which it bought in its recent emergency operation to support the market, Qazet.az reports according to a senior BoE official.

The BoE was forced to step in to buy long-dated and index-linked gilts to halt a fire sale of assets by British pension funds following former prime minister Liz Truss's Sept. 23 'mini-budget'.