Bank of England steps in again to calm markets

Published

9 minutes ago

The Bank of England has been forced to step in for a second day running to boost its emergency bond-buying scheme.

The emergency move came as it warned a sell-off of government bonds was a "material risk" to financial stability.

The Bank said it would buy a wider range of bonds to help "restore orderly market conditions".

On Monday, government borrowing costs rose sharply after the Bank increased the amount of bonds it was buying before the scheme ends on Friday.

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