Bank of England steps in again to calm markets
The Bank of England has once again been forced to step in again to boost its emergency bond-buying scheme.
The Bank’s emergency move came as it warned a sell-off of government bonds was a “material risk” to financial stability.
They said it would buy a wider range of bonds to help “restore orderly market conditions.”
On Monday, government borrowing costs rose sharply after the Bank increased the amount of bonds it was buying. The scheme will end in October 14, leading to worries that turmoil will reappear once the scheme ends.