BoE ends bond purchases as government rolls back tax cuts
Gilt market rebounds as government axes most of its controversial ‘mini-budget’
The Bank of England exited from its temporary asset purchase programme as planned, it said today (October 17), as the UK government rolled back most of its controversial fiscal plans.
“As previously announced, the bank terminated these operations and ceased all bond purchases on Friday,” the BoE said today. “As intended, these operations have enabled a significant increase in the resilience of the sector.”
Last week, the central bank created additional backstops to supply liquidity to the
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