Essential Details
- The Bank of England was pressured to intervene in the prolonged-dated bond marketplace immediately after a steep market-off of U.K. authorities bonds — recognised as “gilts” — threatened the country’s economic stability.
- Even though the central bank’s intervention available some fragile steadiness to the British pound and bond markets, analysts have flagged lingering balance pitfalls in the country’s shadow banking sector – economic establishments acting as lenders or intermediaries outside the standard banking sector.
