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UK central bank intervenes in market to halt economic crisis

People pass the Bank of England in London, Wednesday, Sept. 28, 2022. The Bank of England has launched a temporary bond-buying programme as it takes emergency action to prevent "material risk" to UK financial stability.(AP Photo/Frank Augstein) A man man passes the Bank of England in London, Wednesday, Sept. 28, 2022. The Bank of England has launched a temporary bond-buying programme as it takes emergency action to prevent "material risk" to UK financial stability. (AP Photo/Frank Augstein) View of the Bank of England in London, Wednesday, Sept. 28, 2022. The Bank of England has launched a temporary bond-buying programme as it takes emergency action to prevent "material risk" to UK financial stability.(AP Photo/Frank Augstein) A man walks up the stairs in front of the Bank of England in London, Wednesday, Sept. 28, 2022. The Bank of England has launched a temporary bond-buying programme as it takes emergency action to prevent "material risk" to UK financial stability. (AP Photo/Frank Augstein) A woman walks past a sign that shows the exchange rate at a bureau de change in London, Tuesday, Sept. 27, 2022. The British pound has stabilized in Asian trading after plunging to a record low, as the Bank of England and the British government try to soothe markets nervous about a volatile U.K. economy. The instability is having real-world impacts, with several British mortgage lenders withdrawing deals amid concern that interest rates may soon rise sharply. (AP Photo/Frank Augstein) A woman walks past a headline posted on a wall in London, Tuesday, Sept. 27, 2022. The British pound has stabilized in Asian trading after plunging to a record low, as the Bank of England and the British government try to soothe markets nervous about a volatile U.K. economy. The instability is having real-world impacts, with several British mortgage lenders withdrawing deals amid concern that interest rates may soon rise sharply. (AP Photo/Frank Augstein)
UK central bank intervenes in market to halt economic crisis