The Bank of England (BoE) will double the amount of government bonds it can buy daily before the buy-back programme ends on Friday, the central bank said on Monday.
Between Monday and Friday, the bank will offer to buy up to £10 billion ($11 billion) of gilts per day, up from the previous limit of £5 billion ($5.5 billion) per day.
The BoE said the measure aims to support “an orderly end” of its emergency bond-buying programme.
The programme was introduced on Sept. 28 after a plummet in bond value following the government’s mini-budget announcement, which threatened to collapse pension funds and send bond prices on a further spiral….