BOE announce government bond buying programme to strengthen the market.
I'm not smart enough to know why this is a bad idea but I'm sure I'll find out soon.
Assume Kwarteng has been in Bailey's ear - "You can't raise rates, but do something to make it go away for a bit", or something?
Peston suggests it is bad?
https://twitter.com/Peston/status/1575068194175594496
@Soul started
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BOE announce government bond buying programme to strengthen the market.
I'm not smart enough to know why this is a bad idea but I'm sure I'll find out soon.