The Bank of England has expanded its emergency bond-buying programme to try and shore up confidence in markets.
It initially launched the measures after the UK government's tax-cutting mini budget.
The Bank is warning an ongoing rout in the gilts market poses a "material risk to UK financial stability".
Finance analyst Danni Hewson says it's an unusual step.
IN: 'It's buying...
OUT: ...market volatility.'
DUR: 25 seconds
http://www.fsnradionews.com/feeds/1011boe-hewson1.mp3
It initially launched the measures after the UK government's tax-cutting mini budget.
The Bank is warning an ongoing rout in the gilts market poses a "material risk to UK financial stability".
Finance analyst Danni Hewson says it's an unusual step.
IN: 'It's buying...
OUT: ...market volatility.'
DUR: 25 seconds
http://www.fsnradionews.com/feeds/1011boe-hewson1.mp3