Bank of England to Buy Apple bonds

Apple has been added to the Bank of England’s new economic stimulus bond-buying scheme.

18:23 14 September 2016

On Monday, the Bank of England has included Apple on a list of 100 companies that qualify for its new economic stimulus bond-buying scheme. It means that the central bank considers the company as a great contributor to the British economy.

 

The scheme has been introduced as a stimulus measure following the Brexit vote. It will see the Bank enter the market for company bonds for the first time. The Bank said that the move hopes to drive down borrowing costs and encourage businesses to invest more. A source added that the Bank bond-buying programme was designed to influence market prices and that including the Apple bond increased its chances. Other companies on the list include British American Tobacco, Imperial Brands, and McDonald’s.