Article 67RBD Bank of England completes sale of £19bn emergency bond purchases after mini-budget

Bank of England completes sale of £19bn emergency bond purchases after mini-budget

by
Richard Partington Economics correspondent
from on (#67RBD)

Bloomberg estimates Bank made profit of 3.5bn after intervening to prevent run on pension funds

The Bank of England has finished unwinding the emergency bond-buying scheme it launched to calm the financial markets after Liz Truss's disastrous mini-budget last autumn.

Threadneedle Street said it had completed the sale of 19.3bn of government bonds three months after it was forced to intervene in markets to halt a run on pension funds.

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