ALEX BRUMMER: The Bank of England ignored its own alert over LDIs
The cautionary note that explains the Bank of England's £65bn rescue in the bonds market appears on page-54 of its Financial Stability Report.
Source: thisismoney.co.uk
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The cautionary note that explains the Bank of England's £65bn rescue in the bonds market appears on page-54 of its Financial Stability Report.
The crisis in pension funds was allowed to hide in plain sight
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Since the rout, BoE was forced to stage a dramatic intervention to stave off the crash
Wolfson says currency crisis means inflation, which has soared from energy prices, may be worse next year