Reported 1 day ago
Despite the Bank of England's recent interest rate cuts aimed at stimulating economic growth, borrowing costs for households and the government have not decreased as expected. This complicates efforts by Chancellor Rachel Reeves to restore public finances and investor confidence, as rising swap rates and gilt yields highlight the influence of U.S. markets. The current economic situation in the UK suggests a disconnect between monetary policy adjustments and real-world financial conditions, posing additional challenges for policymakers.
Source: YAHOO