The rise in government bond yields will help limit the impact of higher energy costs on U.K. prices, but the Bank of England may have to raise its key interest rate if inflationary pressures build, Deputy Governor Dave Ramsden said.
A narrow focus on Europe’s problems without acknowledging its strengths is making businesses wary, pushing households to build savings and putting Europe’s economic future at risk, according to ING’s chief economist.
The decline is a sign that rising borrowing costs following the European Central Bank’s decision to raise its key interest rate are hindering investment.
The decline is a sign that rising borrowing costs following the European Central Bank’s decision to raise its key interest rate are hindering investment.
The government borrowed more in August than a year earlier, a setback for its plans to reduce its deficit as it prepares to outline a new budget next month.
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