The Bank of England has insisted it is ending its emergency bond-buying programme on Friday as planned, countering claims it was considering an extension, and expects pension funds to raise extra cash in time protect against future shocks.
A £65bn intervention by the Bank has failed to quell turmoil on the bond markets, with the value at which government debt trades continuing to fall.
However, in a statement released on Wednesday morning, after a scheduled update on monetary policy, officials said: “As the bank has made clear from the outset, its temporary and targeted purchase of gilts will end on 14 October. The governor confirmed this position yesterday, and it has been made absolutely clear in contact with the banks at senior levels.”
READ MORE : https://www.theguardian.com/business/2022/oct/12/bond-buying-programme-will-end-on-friday-insists-bank-of-england
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