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المشهد العربي
Bank of England urges fiscal strengthening
The Governor of the Bank of England, Andrew Bailey, urged governments to strengthen their efforts to reform public finances amidst increasing pressure on global bond markets resulting from rising borrowing levels and escalating inflation. He emphasized that fiscal policies must be reliable and designed with a focus on economic stability, noting that measures to curb public debt help reduce investor demands and promote stability in the face of economic shocks such as the US-Iranian conflict. He warned of a declining capacity for governments to handle a potential economic slowdown, especially with rising borrowing costs and slowing growth, which can lead to increased public debt and higher bond yields—thus intensifying pressures on public finances.
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