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Asset Purchase Facility Quarterly Report - 2025 Q3
This report contains information on the Bank of England’s Asset Purchase Facility (APF) for 2025 Q3, describing operations from 1 July 2025 to 30 September 2025. It also contains information about how cash flows between the APF and HM Treasury (HMT) might evolve over time, as well as estimates of government debt issuance cost savings due to quantitative easing (QE). More information on what the APF is and what it does is available in our Market Operations Guide. A short timeline describing the history of the APF is provided as background at the end of the report.
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