Cash demand from the Bank of England reached a record £12.2 billion ($15.3 billion) on Thursday, signaling a potential need for policymakers to ease financial conditions. Analysts predict that this increase in demand may lead to the central bank implementing measures through the bond market in the coming months.
According to experts at Deutsche Bank AG and NatWest Markets, the Bank of England is expected to cease its weekly bond sales later this year. This decision, coupled with anticipated interest rate cuts, will help to loosen monetary policy and provide further support to the economy.