warned of "material risk" Possible impact on the country’s financial stability with the continuation of negative fluctuations, stressing that he will now start the process of buying a wide range of bonds, coinciding with his continued purchase of long-term bonds within the original plan launched on September 28.
The bank was British Central It was announced two weeks ago that operations Buying long bonds The term will last between September 28 and October 14, and will be implemented on "No scope necessary" In order to achieve the desired results.
And the pound recorded late last month, a decline to 1.03 dollars, before returning its gains to the limits of 1.10 dollars, but investor confidence in the stability of the British economy has not returned to normal until today.
Experts see Economy Britons that government bond yields which mean the actual cost of government borrowing especially for periods borrow The longest recorded a significant increase during the past two weeks.
Experts explained that financial markets It is still reacting negatively to the government’s announcement last month that tax cuts are the largest and sharpest in fifty years.
was British Chancellor of the Exchequer Quasi Quarting announced big tax cuts worth about 45 billion pounds ($48 billion) with the aim of moving the wheel Economic growth Attracting foreign investments, but the negative reaction prompted him to reverse some decisions, the most important of which is the abolition of the tax on high-income earners, or what is known as the 45 pence tax.
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confirmed central bank In a press release that the decision to expand the purchase bond The various contracts that were due to expire next Friday were “taken due to significant re-pricing of British Government debt in a market linked to the pension sector”.
He warned of potential “material risks” to the country’s financial stability with the continuation of negative fluctuations, stressing that he will now start the process of buying a wide range of bonds, coinciding with his continued purchase of long-term bonds within the original plan launched on September 28 last.
The bank was British Central It was announced two weeks ago that operations Buying long bonds The term will continue between last September 28 and October 14, and will be implemented on “any scale necessary” in order to achieve the required results.
And the pound recorded late last month, a decline to 1.03 dollars, before returning its gains to the limits of 1.10 dollars, but investor confidence in the stability of the British economy has not returned to normal until today.
Experts see Economy Britons that government bond yields which mean the actual cost of government borrowing especially for periods borrow The longest recorded a significant increase during the past two weeks.
Experts explained that financial markets It is still reacting negatively to the government’s announcement last month that tax cuts are the largest and sharpest in fifty years.
was British Chancellor of the Exchequer Quasi Quarting announced big tax cuts worth about 45 billion pounds ($48 billion) with the aim of moving the wheel Economic growth Attracting foreign investments, but the negative reaction prompted him to reverse some decisions, the most important of which is the abolition of the tax on high-income earners, or what is known as the 45 pence tax.