The Bank of England has Ben forced once again to step into the bond markets again this morning
The Bank has said it will further bolster its emergency bond-buying plan as it warned an ongoing rout in the gilts market poses a “material risk to UK financial stability”.
It said that said it will now widening the scope of its UK government bond-buying programme amid concerns over another ‘fire sale’ of gilts
The sell-off in government bonds resumed yesterday as investor concerns failed to subside despite action by the Bank of England to double its daily bond-buying limit
Chancellor Kwasi Kwarteng announced that he was bringing forward his new fiscal plan and independent economic forecasts to October 31.
