Published 2 years ago • loading... • Updated 2 years ago

Bank of England's unprecedented bond market intervention yields £3.8bn profit

Summary by Ground News

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.

3 Articles

All

Left

Center

Right

Sky News UK

Center

Bank of England's unprecedented bond market intervention yields £3.8bn profit

The Bank of England was forced to intervene after then chancellor Kwasi Kwarteng's mini-budget sent markets spiralling.

2 years ago·United Kingdom

Read Full Article

Bloomberg

Lean Left

BOE Made £3.5 Billion Profit on Emergency Bond Market Intervention

The Bank of England made a profit of about £3.5 billion on September’s emergency bond market intervention after selling off the final bonds on Thursday.

2 years ago·United States

Read Full Article