Bank of England's Bailey Says Government Debt Commitments Needed More than Ever
Andrew Bailey said higher borrowing and inflation are making bond markets more brittle, while British government yields reached multi-decade highs.
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7 Articles
Bank of England's Bailey says credible budget policy is needed more than ever
Governments need to redouble efforts to restore confidence in their public finances, Bank of England Governor Andrew Bailey said on Thursday, as global bond markets come under pressure from high borrowing and rising inflation linked to the Iran war.
Bailey: Governments must too help control inflation
Bank of England governor Andrew Bailey has said that governments should look to help keep prices stable and win over markets with disinflationary tax and spending measures. In an intervention on the relationship between monetary and fiscal policy, Bailey urged governments to consider the impacts of government spending and borrowing on inflation. The Bank of [...]
The president of the Bank of England (BoE), Andrew Bailey, warned that the ability of governments to respond to a new economic slowdown is limited by weak growth and recent shocks. Amid the falling prices of public bonds (and high in their revenues), which are being pushed by energy costs and tax concerns in France, Bailey stressed the need for reliable fiscal policies for markets. Exclusive material for subscribers. To have full access, access …
Bank of England’s Bailey says government debt commitments needed more than ever
LONDON, Oct 8 (Reuters) - Bank of England Governor Andrew Bailey said governments needed to double down on showing they can repair their public finances as bond markets around the world feel the strain of high levels of borrowing and rising inflation...
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