So When Comes the Powell Pivot?
Real Vision: Finance & Investing
00:00
Yield Curve Control
Yield curve control has been a great success on most measures, says Mark Carney. It validated or justified the Bank of England's decision to step in and do unlimited bid for UK guilds at the long end," he adds. The amount is about a quarter of budget spent on the interest expense alone, but you have extremely low borrowing costs,. But they cannot raise them for many reasons, for those fundamental reasons. Also for those sort of BOE liquidity reasons.
Play episode from 25:28
Transcript
