Bank of England steps in to calm markets

Lates from BBC

Arabnews24.ca:Wednesday 28 September 2022 08:03 AM: It underlines that this is a crisis, and the Bank has responded in emergency mode. The clear cause of this crisis was the chancellor's mini budget, leading to a loss of market confidence and spiralling borrowing rates on government debt, which it says could become a "material risk to financial stability".

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