Bank of England widens bond purchases over market turmoil

The news came as official data revealed British unemployment fell to a near 50-year low at 3.5 percent, although wages continue to be eroded by sky-high inflation.

AFP
October 11, 2022 / 12:01 PM IST

Bank of England

The Bank of England on Tuesday unveiled yet more measures aimed at calming markets rocked by a UK budget, saying it would extend purchases of government bonds.

The news came as official data revealed British unemployment fell to a near 50-year low at 3.5 percent, although wages continue to be eroded by sky-high inflation.
AFP
Tags: #Bank of England #bond purchases #World News
first published: Oct 11, 2022 12:01 pm