Episode 44: Inflation & Interest - More Volatility to Come?
CFA UK
00:00
The UK Guilt Market and the US Treasury Market
The UK policymakers have put themselves into a lose-lose situation. The government over the past few years has been spending a lot in order to boost consumption and counter the effect of COVID. But there's been very little structural spending to improve productivity. Eventually, it's possible that the Bank of England will have to hike, but it is constrained by the level of leverage in the housing market,.
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