The Bank of England has said that its intervention last month in the gilt market prevented a “self-reinforcing spiral” following Kwasi Kwarteng’s mini-Budget which could have wiped out the value of a large number of funds held by pension companies.
The Bank of England has said that its intervention last month in the gilt market prevented a “self-reinforcing spiral” following Kwasi Kwarteng’s mini-Budget which could have wiped out the value of a large number of funds held by pension companies.
