According to Deutsche Bank, the Bank of England's losses on bonds purchased to support the UK economy after the financial crisis will be higher than expected until the middle of the decade. The central bank estimated that it would need the UK Treasury to backstop £150 billion ($189 billion) of losses on its asset purchase facility. The central bank began unwinding its position last year, selling bonds at a projected pace of £80 billion per year from October 2022. Higher interest rates have driven down the value of the bonds, leading to increased losses.

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