Central bank was forced to act to protect pension funds after Kwasi Kwarteng’s mini-budget
Live coverage: Bank of England widens bond market intervention
The Bank of England stepped in with another emergency intervention in the markets on Tuesday in an attempt to stave off a “fire sale” of UK government bonds by pension funds.
In the second update for its bond-buying scheme in as many days, the Bank said it would expand its operations to include purchases of index-linked gilts, a type of UK government bond that tracks inflation.
Central bank was forced to act to protect pension funds after Kwasi Kwarteng’s mini-budgetLive coverage: Bank of England widens bond market interventionThe Bank of England stepped in with another emergency intervention in the markets on Tuesday in an attempt to stave off a “fire sale” of UK government bonds by pension funds.In the second update for its bond-buying scheme in as many days, the Bank said it would expand its operations to include purchases of index-linked gilts, a type of UK government bond that tracks inflation. Continue reading…
