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 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

first published: Oct 11, 2022 12:01 pm

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