Beijing time:2022-09-29 08:39
【New Tang Dynasty Times, Beijing time, September 29, 2022】Bank of EnglandSaid that it will maintain the order of the government bond market by purchasing long-term government bonds.
Bank of EnglandIn a statement on September 28, it said that from now until October 14, the purchase of treasury bonds will be carried out; at the same time, the operation of selling treasury bonds will be postponed until October 31.
The Bank of England said the purchase of the bonds was aimed at restoring market order, adding that it could buy as much as it needed to.
Sterling fell off a cliff and British government bonds also suffered after the British government announced a historic and large-scale tax cut plan last week. Because many financial derivatives held by pension funds and insurance companies are linked to government bonds, these assets are also facing severe losses, which in turn threatens the overall economic stability.
At present, it is not known that this round of foreign exchange and bond market slumps will giveUK economyHow much damage was done, and it’s unclear how much the central bank’s latest efforts will stabilize the situation.
However, the central bank’s intervention in the market did not seem to ease the market’s anxiety quickly.GBP to USDOn Wednesday (28th), it continued to fall by 1.6%, and started to rebound after bottoming at $1.056.
Comprehensive report by NTDTV reporter Jin Shi
URL of this article: https://www.ntdtv.com/gb/2022/09/29/a103539297.html