UK market crisis: Bank of England starts buying UK bonds | Fin24

📆 28.09.2022 20:45:00
📰 News24

⏱ Reading Time:
14 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 80%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

The Bank of England stepped in Wednesday to buy UK government bonds to shore up market confidence after Britain's heavily-criticised budget aimed at fighting inflation. | News24_Business

"The purpose of these purchases will be to restore orderly market conditions," a BoE statement said regarding its temporary buying of long-dated bonds.

The bank added that there was a"material risk to UK financial stability" should current market conditions continue. As well as soaring UK government bond yields, the British pound on Monday hit a record low at $1.0350, perilously close to parity.

Написать комментарий

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Ex-central bank chief named Kenyan finance minister amid rising inflationKenyan President William Ruto on Tuesday appointed former central bank governor Njuguna Ndung'u as finance minister to steer the economy through rising inflation, a heavy debt burden and drought.
Источник: ReutersAfrica - 🏆 31. / 53 Прочитайте больше »