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The Independent UK
The Independent UK
National
Adam Forrest

Bank of England expands emergency bond-buying scheme to £10bn a day

Bank Bank of England Kwasi Kwarteng Liz Truss United Kingdom
PA Wire

The Bank of England has announced an expansion of its emergency gilt-buying programme, launched after chancellor Kwasi Kwarteng’s mini-Budget sparked market turmoil which left the UK on the brink of a financial crisis.

The Bank said it will double the daily limit on its gilt-buying programme from £5bn to £10bn as it brings the scheme to an “orderly” close ahead of Friday’s cut-off.

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