The Bank of England has agreed temporarily to finance government borrowing in response to COVID-19 if funds cannot immediately be raised from debt markets, reviving a measure last used to any large degree during the 2008 financial crisis.
Britain's government typically borrows money direct from markets through bond issuance, and this week financial markets showed a strong appetite to fund more than 10 billion pounds of government bonds, some at record-low yields.
Bank of England to temporarily finance UK government spending
2 comments:
This is what the Fed has already been doing since September 15 2019....
Can you describe the direct or indirect financing of US gov't?
Post a Comment