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Home > Markets and Payments > Asset Purchase Facility - gilts

Asset Purchase Facility - gilts

We purchase medium and long-maturity conventional gilts in the secondary market in order to meet our Monetary Policy Committee’s objective for total asset purchases.

This is part of our quantitative easing operations, which are set out in more detail in our Red Book:

Red Book - chapter VIII - quantitative easing
In line with the Monetary Policy Committee’s most recent decision on the asset purchase programme, the total stock of purchases is £435 billion. Purchases are funded by creating central bank reserves.
The Bank and the UK Debt Management Office (DMO) have agreed that we will make a small proportion of the gilts purchased available to the DMO for on-lending to the market through the DMO’s normal repo market activity. We issued a joint statement on this in 2009.

Gilts results

Forthcoming Operations


Market notices

Market notices contain the operational details by which the Bank of England undertake the various facilities. They form part of the legal documentation.