News Formal

Market turmoil in Britain, Bank of England steps-in | 7NEWS

  • 📰 7NewsAustralia
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 71%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The Bank of England has stepped in to avoid further market turmoil in Britain. It announced a bond-buying scheme in a bid to calm the markets. The UK government introduced tax cuts last week which unleashed turmoil on financial markets. 7NEWS

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘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?
Source: smh - 🏆 6. / 80 Read more »

‘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
Source: theage - 🏆 8. / 77 Read more »