a general view of the bank of england boe building the boe confirmed to raise interest rates to 175 in london britain august 4 2022 reutersmaja smiejkowska london sept 22 reuters  the bank of england said on thursday that it would sell around 87 billion pounds of government bonds in the final quarter of 2022 becoming the first major central bank to begin active sales the boes monetary policy committee voted unanimously to reduce its 838 billion pounds of gilt holdings by 100 billion pounds over the coming year broadly in line with plans announced last month the reduction will come through a mixture of maturing gilts and gilt auctions there will be 15 auctions from october to the end of the year with a planned size of 580 million pounds each for gilts across a range of maturities