Surveillance: UK Market Selloff Slams Gilts, Pound
Bloomberg Surveillance
00:00
Is the Bank of England Going to Borrow All This Cash?
The bank of england doesn't want to double down on the recession pressure by hiking interust rates in order to get these inflation expectations down. It would be better if the government came out and said, well, actually, if you look at our tax cuts, they're spread over the next few months,. The treasury is about to borrow all this cash to cut taxes. This is an experiment. Ad the u k is basically asked for a negative reaction with this policy, and it's got it. But again, i think it just comes down to a view that the uk. Licks credibility in markets now since the breaks it vote," she says.
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