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%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

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.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 302. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

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.
Sumber: nbcsandiego - 🏆 524. / 51 Baca lebih lajut »

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
Sumber: WSJ - 🏆 98. / 63 Baca lebih lajut »