U.K. bond market turmoil highlights tilt toward “fiscal dominance”

  • 📰 axios
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

The turmoil in the British bond market is the backdrop for a battle between the nation's politicians and its central bank over who really runs the U.K. economy.

"The purpose of these purchases

Governments — or as they're described by central bankers, "fiscal authorities" — control taxing, spending and borrowing decisions. Under this system, central banks are supposed to have independence from the politicians running the country. That's because sometimes — for instance, when inflation is high — the bank has to do politically unpopular things, like raising rates, starting recessions and throwing people out of work.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 302. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Is the UK Now a Buy? Analysts Weigh in After Market Meltdown and Bank of England InterventionAlthough some analysts have highlighted that the U.K. retains strong fiscal fundamentals, many are reluctant to jump back in until the smoke clears.
Fonte: nbcsandiego - 🏆 524. / 51 Consulte Mais informação »

U.K. Prime Minister Defends Tax Cuts as Market Turmoil ContinuesLiz Truss largely laid the blame for the country’s financial fallout on high global inflation and energy prices caused by Russia’s invasion of Ukraine, as the pound weakened, the FTSE 100 was lower and government bond yields again crept higher. What an Iron Lady! Amazing. All she took was 2 weeks to bring an entire country’s economy to its knees! 😂 Liz Truss is going to come with other destructive policies
Fonte: WSJ - 🏆 98. / 63 Consulte Mais informação »