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The Bank of England offers more support to pension funds in the midst of a crisis




LONDON – The Bank of England extended its support to pension funds at the heart of Britain’s bond market crisis, even as borrowing costs rose, a sign that stress in the financial system would not go away.

Britain’s central bank said on Monday it would increase the daily amounts it was willing to buy in long-dated bonds before ending the program as planned on Friday. It also unveiled two types of lending facilities aimed at freeing up cash for pension funds beyond the end of the bond purchase.



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