Economists urge Bank of England to slow down government bond sales

(1) Some economists are calling on authorities to urge the Bank of England to slow down its government bond sale program, stating that the plan has already cost the UK treasury billions of pounds. (2) The Bank of England's Monetary Policy Committee is holding a meeting this week and is expected to make a decision on this matter. (3) The market is watching for the Bank of England's quantitative tightening schedule and latest interest rate decision to be announced on Thursday, after reports suggested the bank may stop selling long-term government bonds.