BoE intervenes in bond markets
The Bank of England has halted sales of UK government bonds amounting to £488 billion until April 2027, and suspended long-term bond sales, in order to bolster the bond market and ease pressures caused by rising inflation and global financial concerns. This measure led to a decline in UK bond yields, particularly two-year bonds, helping to support the market ahead of the scheduled budget announcement on October 28. The decision is part of the bank’s efforts to stabilize the financial market and restore confidence in monetary policy, despite ongoing inflation increases.
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