1 Day
Source:
The Guardian
Bank of England urged to curb bond sales
Economists are urging the Bank of England to slow or halt its sale of government bonds, which is costing the UK exchequer billions of pounds. The Bank’s current bond-selling program, part of its quantitative tightening, is increasing market supply and raising government borrowing costs amid rising interest rates. Officials plan to reduce bond sales further, while critics argue the policy is damaging the government's finances and view it as increasingly costly compared to other central banks.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)