24 October 2022 | Other

Bank of England continues to tighten the credit policy

The Bank of England is launching a bond sale program next month. According to Catherine Mann, the Monetary Policy Committee is sure that the recent purchase of long-term debt won’t interfere with it.

At a meeting held on Saturday in Cambridge, she said that these purchases were a temporary measure to support the market, and the bank was working as it should.

Initially, the sale of bonds was supposed to start on October 3. However, it was postponed due to market panic. This panic was caused by the economic plans of Liz Truss.



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