Bank of England’s Bailey Sees Long-Term Pressures Driving up Government Debt
4 Articles
4 Articles
Bank of England’s Bailey sees long-term pressures driving up government debt
LONDON, Sept 4 (Reuters) – Bank of England Governor Andrew Bailey said on Friday that weak productivity and shocks such as COVID-19 were behind a climb in public debt across advanced economies, which in turn was pushing up borrowing costs. “There are very, very substantial challenges at the moment, structural challenges,” Bailey said at a conference hosted by the London School of Economics’ Trium MBA programme. Ageing populations and a des…
Bank of England (BoE) Governor Andrew Bailey pointed out that structural problems increasing public debt could put long-term pressure on countries' borrowing costs. Bailey stated that factors such as low productivity, an aging population, the economic effects of COVID-19, and increased defense spending are burdening public finances, and warned that high debt levels could have significant consequences for bond markets.
Bailey Warns of Rising Government Debt Pressures
London, 4 September (Brussels Morning Newspaper) – Bank of England Governor Andrew Bailey has warned that long-term government debt pressures across advanced economies are being fuelled by weak productivity, ageing populations, major economic shocks and demands for increased …
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
