Bank of England intervention prevented destructive ‘spiral’ after mini-Budget ...United Arab Emirates

The Bank of England has said that its intervention last month in the gilt market prevented a “self-reinforcing spiral” following Kwasi Kwarteng’s mini-Budget which could have wiped out the value of a large number of funds held by pension companies.

Hence then, the article about bank of england intervention prevented destructive spiral after mini budget was published today ( Thursday 06/10/2022 - 01:16 PM ) and is available on INDEPENDENT ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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