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‘Dysfunction in this market’: Bank of England intervenes over ‘material risk’ to UK economyThe Bank of England has taken a dramatic step to calm a crisis in government bond markets, suspending its program to sell bonds and instead committing to buy them to counter “dysfunctional markets” So more QE at first sign of trouble. Will they ever learn?
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‘Dysfunction in this market’: Bank of England intervenes over ‘material risk’ to UK economy“Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability,” the central bank said. | Rob Harris
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