On Wednesday, the Bank of England said it would buy UK government debt "on whatever scale is necessary" in an emergency intervention to halt a bond market crash.
On Friday, Prime Minister Liz Truss unveiled a huge package of tax cuts and increased borrowing aimed at getting the economy moving.
Markets fear the plan will force the Bank of England to raise interest rates from 2.25% up to 6% by next spring, resulting in a sell-off of the pound and UK bonds.
To prevent a bond market crash from happening, the central bank announced that it would buy long-dated UK government bonds until October 14.
"The [bank] will not hesitate to change interest rates by as much as needed to return inflation to the 2% target sustainably in the medium term, in line with its remit."
- The Bank of England
Since December 2021, the UK interest rates have risen seven times as part of its efforts to tighten monetary policy and get a grip on inflation, which is almost at 10%.
