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Oct 10, 2022

The Bank of England expands emergency support for the U.K. financial system

From the BBC World Service: It’s the latest from Britain’s central bank after unfunded tax cuts announced last month by the U.K. government sent shockwaves through financial markets. Plus, missile strikes in Kyiv have caused power and water outages in the Ukrainian capital, where life was starting to return to normal. And, what it’s like to get a call saying you’ve won the Nobel Prize for Economics.

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The Bank of England says it's prepared to double its daily bond purchases and start a short-term lending facility to boost bond sales.
The Bank of England says it's prepared to double its daily bond purchases and start a short-term lending facility to boost bond sales.
Dan Kitwood/Getty Images

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The Bank of England expands emergency support for the U.K. financial system