14 Hrs
Source:
The Guardian
UK pays record high 30-year bond interest
The UK government paid the highest interest rate on a 30-year bond since 1998, reflecting rising borrowing costs amid market concerns over inflation and debt levels. The Bank of England's governor highlighted that increasing oil prices, due to geopolitical tensions, are putting upward pressure on inflation and interest rates but emphasized no plans to raise rates imminently. Higher energy prices and bond yields are impacting consumer borrowing costs and the government’s fiscal strategy.
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