The Bank of England announced Monday that it would provide extra support to UK markets, beefing up its efforts to ensure financial stability after the government’s plan to slash taxes while boosting borrowing stoked panic. The central bank said that it was ready to buy up to £10 billion of government bonds each day this week, double the daily limit it set when it announced its emergency intervention on Sept. 28.
The central bank has said that it was forced to act to prevent a “self-reinforcing spiral” after the market experienced historic selling in the wake of the budget plans revealed by Finance Minister Kwasi Kwarteng and Prime Minister Liz Truss. But yields on longer-dated bonds have pushed up again in recent days. Pension funds — which have been particularly exposed to the tumult — have been forced to sell whatever assets they can to replenish depleted cash stocks.
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LaMonicaBuzz with what? monopoly money?
Say her name ; MahsaAmini مهسا_امينی What about Iran? نيكا_شاكرمي حديث_نجفي سارینا_اسماعیل_زاده