Bank chief warns against ‘exaggerating’ rise in UK borrowing costs
Bank of England governor Andrew Bailey has warned against overstating the rise in long-term borrowing costs in the UK, noting it reflects a global trend. He reassured MPs that the Treasury has maintained borrowing at consistent interest rates despite a significant increase in 30-year bond yields.
WPN Brief
Bank of England governor Andrew Bailey has warned against overstating the rise in long-term borrowing costs in the UK, noting it reflects a global trend. He reassured MPs that the Treasury has maintained borrowing at consistent interest rates despite a significant increase in 30-year bond yields.
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