Is the Bank of England's Brexit rescue plan working?

The Bank of England's bond buying programme intended to cushion an expected slowdown in the economy caused by the British vote to quit the European Union had a dramatic effect on financial markets this week, with yields on UK government bonds turning negative for only the second time in history. Hugh Carnegy asked FT markets editor Michael Mackenzie and economics writer Martin Sandbu to explain what happened and why it matters.

Hosted on Acast. See acast.com/privacy for more information.

More from FT News in Focus

  1. 17:59Introducing: The Rachman ReviewMar 25, 2020
  2. 10:56Republican $1tn plan, Paul Tucker on damage limitsMar 20, 2020
  3. 07:56Rana Foroohar on the trillion dollar fightback, Biden sweepMar 18, 2020
  4. 09:04World on lockdown, markets melt, hospitals sufferMar 17, 2020
  5. 08:18Introducing the FT News Briefing: Fed cuts to zero, airport pinch, hand sanitiser saleMar 16, 2020
  6. 16:04Persecution of China's Uighur Muslims exposedMar 11, 2020
  7. 14:40Will coronavirus cause a global recession?Mar 09, 2020
  8. 13:52Secrets of the South PoleMar 04, 2020
  9. 13:52Is India becoming a Big Brother state?Mar 02, 2020
  10. 17:14Is Trump abusing his power over the judiciary?Feb 26, 2020