BoE’s Mann: bond purchases for stability were targeted and temporary

by Aurelia Butler 22 October 2022, 19:35 199 Views

“The financial stability approach, the requirements for financial stability was very targeted, and temporary,” Mann said during an event organised by the Marshall Society at Cambridge University.

The BoE announced it would intervene in Britain’s government bond market on Sept. 28 after prices slumped following the announcement of planned tax cuts by former finance minister Kwasi Kwarteng. Its purchase programme ended on Oct. 14.

Source: Economy - investing.com

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BoE’s Mann: bond purchases for stability were targeted and temporary

Office workers embrace hybrid working as post-pandemic norm

Celsius Network defaults on payments to Core Scientific, causing financial unrest

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