Bank launches emergency intervention in markets after Kwarteng mini-budget

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Bank launches emergency intervention in markets after Kwarteng mini-budget - short news

Bank of England will start buying long-dated UK government bonds, starting on Thursday

The Bank of England has announced it will intervene in the financial markets in response to the meltdown after Kwasi Kwarteng’s mini-budget.

Threadneedle Street said it would begin buying long-dated UK government bonds starting on Thursday in an attempt to stabilise the market.

source: The Guardian - 28.09.2022

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