Bank of England says first gilt sales to be held on Nov. 1

A general view of the Bank of England (BoE) building in London, Britain, August 4, 2022. REUTERS/Maja Smiejkowska

LONDON, Oct 18 (Reuters) - The Bank of England said on Tuesday the first sale of gilts held in its asset purchase facility would take place on Nov. 1 in light of the government's plan to make a fiscal announcement on the previously planned date of Oct. 31.

"The first gilt sales operation was scheduled to take place on 31 October 2022 and proceed thereafter," the bank said in a statement.

"In light of the Government's fiscal announcement now scheduled for 31 October 2022, the first gilt sale operation will now take place on 1 November 2022."

Reporting by William James, Editing by Paul Sandle

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