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Evening Standard
Evening Standard
World
David Bond

Bank of England doubles daily bond limit to try and reassure financial markets

Bank of England Kwasi Kwarteng

The Bank of England has taken steps to reassure jittery financial markets

(Picture: PA Wire)

The Bank of England on Monday took further steps to reassure jittery financial markets ahead of the end of its £65 billion bond-buying programme on Friday.

The Bank was forced to launch the dramatic market intervention last month to avert an “unprecedented” meltdown in pension funds after the cost of government borrowing shot up following Chancellor Kwasi Kwarteng’s tax-cutting mini-budget.

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