bank of england governor andrew bailey has said that central bank independence is critically important the bank of england on monday announced further measures to ensure financial stability in the uk building on its intervention in the longdated bond market the banks financial stability committee on sep 28 announced a twoweek emergency twoweek purchase program for longdated uk government bonds known as gilts to restore order to the markets and protect liability driven investment ldi funds from imminent collapse the central bank announced on monday that it would introduce further measures to ensure an orderly end to its purchase scheme on oct 14 including increasing the size of its daily auctions to allow headroom for gilt purchases ahead of fridays deadline this is a breaking news story please check back later for more