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Bank Of England Steps Up Measures To Calm Financial Market

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The Bank of England has stepped up measures to calm the bond markets again and the bank repeatedly cautioned about a material risk to the financial stability.

In a statement released Tuesday, the BoE said it will widen the scope of daily gilt purchase operations to mitigate the dysfunction in the market.

The bank decided to include the index-linked gilts to its daily bond purchases. This enhancement will be in effect from October 11 to 14.

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