Expert reacts to fresh Bank of England emergency measures to calm markets after mini-Budget

A financial expert has said that the Bank of England’s new emergency move to quell the volatility in markets today, 10 October, could be a positive for the pension industry.

The Bank of England has stepped in with a second emergency action in as many days to head off a “fire sale” of UK government bonds amid ongoing turmoil triggered by the chancellor’s mini-Budget.

Joshua Mahoney, senior market analyst at IG Group, said: “[It] is another positive for a pension industry that has come under pressure... the ability to interject once again does add liquidity.”

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