News > Bank of England to buy UK bonds to avert financial risk
Bank of England to buy UK bonds to avert financial risk
29/09/2022 03:49 PM | Click to read full article
The Bank of England will launch a temporary U.K. government bond-buying programme to stave off “material risk to UK financial stability” after unfunded government tax cuts spooked markets.
Treasury chief Kwasi Kwarteng was meeting Wednesday with executives from investment banks as the new Conservative government seeks to soothe markets.
