BOE Paper Says QE Portfolio May be Cut in Half to £400 Billion.

BOE Paper Says QE Portfolio May be Cut in Half to £400 Billion The BOE's latest weekly accounts show £888 billion of reserves, suggesting the BOE plans to cancel at least £400 billion worth as it runs down QE. (Bloomberg) -- The Bank of England expects to halve the size of its quantitative-easing portfolio to around £400 billion ($500 billion) over the next few years as commercial banks trim their demand for the safest of central bank assets, according to an internal BOE analysis. [Extracted from the article]