What is the Bank of England doing in bid to stabilise UK economy?
by Phillip Inman from Economics | The Guardian on (#64523)
Threadneedle Street will buy UK government bonds as pound tumbles in response to Truss and Kwarteng's mini-budget
The Bank of England has intervened in an attempt to stabilise financial markets in the wake of steep falls in the pound against the dollar and a surge in the UK's borrowing costs. The Bank said it was prompted to act by concerns about the impact these swings were having on pension funds. We explain what is happening.
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