BOE Buys About 2 Billion Pounds of Company Debt in Brexit Buffer
The Challenges Facing Central Banks
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The Bank of England bought almost 2 billion pounds ($2.4 billion) of corporate bonds in the first month of a purchase program, marking a rapid start in an initiative designed to support the U.K. economy following the Brexit vote.
The central bank added about 435 million pounds of bonds last week, raising its holdings to 1.99 billion pounds, based on an update published on its website on Thursday. Purchases exceeded 500 million pounds in each of the previous three weeks of the program.