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by boppo1
1310 days ago
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>UK central bank went to battle with PM I thought it went like this:
>PM announces tax cuts
>no way those cuts can meet budget
>panic in market for long maturity gilts
>sudden spikes in benchmark rates are bad for everyone so BoE announces YCC Did I miss something? Did Truss somehow take a swipe at the BoE? I'll be honest, I didn't pay super close attention. |
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