Bank of England confirms emergency intervention programme has ended
The Bank said the operations have enabled a significant increase in the resilience of pension funds which used liability-driven investment (LDI) strategies
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Bank of England
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The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people. The Bank was established in 1694 to act as banker to the Government. We are still owned by the Government, but we set monetary policy independently.
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Fuller Treacy Comment of the Day - China Shows Off Drone That Drops Robodog With Huge Gun Anywhere, and more...
Comment of the DayVideo commentary for October 11th 2022A link to today's video commentary is posted in the Subscriber's Area. Some of the topics discussed include: Dollar eases, gold steadies, stocks steady and bonds hold lows, Bank of Eng
UK pension schemes racing to raise cash - Reuters
The Bank of England's plans to stop buying bonds on Friday, have left pension schemes scrambling to meet a collective cash call estimated to be at least £320 billion without a buyer of last resort.
Bank of England governor confirms emergency intervention will end on Friday
Speaking in Washington, Andrew Bailey delivered a stark message "You've got three days left now and you've got to sort it out"
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Another intervention from the Bank of Japan is not a given
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FTSE 100 closes down as recession fears continue
The UK blue chip index closed firmly in the red amid poor UK growth figures and confusion over Bank's bond buying plans and government spending plans
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Pensions watchdog calls on Bank to extend bond intervention beyond Friday
The Pensions and Lifetime Savings Association warned that many funds are worried about what happens after Friday, when the Bank is due to end its daily bond purchases.