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France 24

Business

Kate MOODY

UK market mayhem sparks 'unprecedented' bond-buying from Bank of England

Bank of England Beata Javorcik European Bank for Reconstruction and Development FRANCE 24 Economy Inflation STEM

BUSINESS DAILY © FRANCE 24

The Bank of England has launched a £65 billion emergency bond-buying programme, in an effort to calm the markets and avert a financial crisis. The "unprecedented" support comes amid mounting criticism of the government's plan to slash taxes. Also in the show: Beata Javorcik, Chief Economist at the European Bank for Reconstruction and Development, tells FRANCE 24 that "the longer the sanctions continue, the greater the bite they will have" on the Russian economy.

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