[S&P: Bank of England's Quantitative Tightening Plan Unlikely to Disrupt UK's Financing Environment] According to a report by Golden Finance, S&P Global Ratings stated that the Bank of England's quantitative tightening plan is unlikely to disrupt the UK's financing environment. Quantitative tightening refers to the process by which a central bank gradually reduces its bond holdings acquired during the quantitative easing period. The Bank of England has established an 'on-demand repo facility' to provide liquidity support to the UK financial system. S&P noted: 'The design logic of this on-demand facility is that the pace of quantitative tightening should not affect the supply of reserves.'