Economic Buzz: Bank Of England Warns Of Material Risk To UK Financial Stability

11 Oct 2022 , 02:53 PM

The Bank of England has said it will further bolster its emergency bond-buying plan as it warned the ongoing rout in the gilts market poses a material risk to UK financial stability. The Bank noted that the beginning of this week has seen a further significant repricing of UK government debt, particularly index-linked gilts. Dysfunction in this market, and the prospect of self-reinforcing fire sale dynamics pose a material risk to UK financial stability, it warned. Powered by Commodity Insights