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Evening Standard
Evening Standard
World
Nicholas Cecil

Bank of England forced to intervene again after mini-Budget chaos

Bank of England

The Bank of England has again been forced to intervene to restore orderly market conditions in Britain after the chaos caused by Kwasi Kwarteng’s mini-Budget.

It announced at 7am that it would widen the scope of its daily gilt purchase operations to include the buying of index-linked gilts. An index-linked gilt is a Government bond with the interest rate on it linked to inflation.

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