Bank of England's unprecedented bond market intervention yields £3.8bn profit
Bank of England bought gilts in the wake of Liz Truss and Kwasi Kwarteng's mini-budget in September. Soaring interest rates put some pension funds at risk of collapsing. Bank started selling the government debt to public bidders in November, and finished its sell-off on Wednesday.
Published 5 months ago · London, United Kingdom
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