Bank of England calls for urgent action on funds that nearly toppled UK financial system

CNN Business/Julia Horowitz/3-29-2023

“This would allow them to withstand ‘severe but plausible stresses’ in the UK government bond market and meet any calls to post collateral in an orderly fashion.”

USAGOLD note: The Bank of England has already shown it is ready and waiting with more quantitative easing at the next sign of trouble. The financial sector comes out a winner; the citizenry will likely feel the pinch of more inflation.The inflation rate in UK is already in double digits at 10.4%.

United Kingdom Inflation rate

Chart courtesy of Trading Economics.com