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Bank of England boosts bond purchases programme amid ‘fire sale’ risk
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The Bank of England added inflation-linked government bonds to its programme of bond purchases after a fresh attempt to extend support to pension funds failed to assuage worried investors.
The central bank on 11 October said it would buy up to £5bn of index-linked gilts each day through to 14 October, equivalent to $5.5bn. On 10 October, the bank doubled the total daily amount of bonds it could buy to £10bn.
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