Bank of England to Purchase £65 Billion U.K. Government Bonds to Stem Rout

Posted on 09/28/2022

The Bank of England intervened into Britain’s fixed income market to stem a market rout. The central bank is pledging to buy around £65 billion of long-dated gilts after the new government’s tax cut plans triggered the biggest sell-off in decades. U.K. gilt yields were on course for their sharpest monthly rise since at least…

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