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Why is the Bank of England buying gilts?

28 September 2022

9:20 PM

28 September 2022

9:20 PM

In a dramatic about-turn, the Bank of England is now intervening in the gilts market to try and calm the reaction to Friday’s fiscal event. It will buy long-dated government gilts for the next two weeks, which will lower the cost of government borrowing. It is also postponing quantitative tightening (i.e.

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