Brit's Central Bank Buys there Own Funny Money!
Yep and the stock market here jump 500 points gosh could there be a connection? You know it's another con job when they paper over the debt with more paper! 😁 Enjoy the charade. It' won't last!
The shadow Chancehllor said of the Conservatives: "Their decisions will cause higher inflation and higher interest rates - and are not a credible plan for growth.
The central bank has paused its plans to sell government bonds, and instead will do the opposite by starting to buy up old ones.
The aim is to calm what the Bank of England is calling “dysfunctional markets”.
When central banks buy their country's own bonds - a sort of debt - interest rates tend to fall.
That matters to all Brits because these interest rates are built in to the price of things like mortgages and loans.