1035 GMT - The Bank of England is likely to maintain the pace of quantitative tightening at 100 billion pounds per year in September, Jack Meaning, Barclays U.K. chief economist says in a note. Quantitative tightening is the process of unwinding a central bank's bond holdings acquired during periods of quantitative easing. The BOE could alter the maturity of gilt sales, but it is likely to carry on with the sales, Meaning says. Active gilt sales could amount to 51 billion pounds, in line with pace of sales in the past two years, and 49 billion pounds through maturities, he says. (miriam.mukuru@wsj.com)

(END) Dow Jones Newswires

May 30, 2025 06:48 ET (10:48 GMT)

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