Brace yourself: How higher interest rates bring quantitative tapering nearer

Last week's decision to raise interest rates to 0.75% brings us closer to the point when quantitative easing becomes quantitative tapering. Should investors be concerned? Last month the BoE raised interest rates to 0.5% and unexpectedly announced it was planning to dispose of its sterling non-financial investment-grade corporate bonds - a small part of its overall holdings. The market took fright and sold off sharply. US Treasury yields rise to levels not seen since 2019 - reports At the same time the BoE said it would begin to reduce its stock of gilts by allowing them to mature. ...