Bank of England forced to step in AGAIN & buy Govt bonds to steady markets

The Sun says THE Bank of England has stepped in once again to steady markets by buying inflation-linked UK government bonds.

The BoE said the ongoing instability in the bonds market poses a “material risk to UK financial instability”.

As part of an emergency move to calm markets, the BoE will widen the scope of its government bond purchase programme to include index-linked bonds.

It will buy up to £5billion of index-linked bonds and £5billion of conventional bonds per day, starting today, Tuesday, October 11, until October 14.