Bank of England dismisses FT report over planned multibillion-pound sell-off as ‘inaccurate’
UK business live – latest news updates
UK government borrowing costs have risen after the Bank of England dismissed a report that it could delay the sale of billions of pounds of bonds in an attempt to boost market stability after the mini-budget.
The yield – or interest rate – on 10-year government bonds rose by more than 0.1 percentage points to trade above 4% after the central bank said the report in the Financial Times was inaccurate.
Bank of England dismisses FT report over planned multibillion-pound sell-off as ‘inaccurate’UK business live – latest news updatesUK government borrowing costs have risen after the Bank of England dismissed a report that it could delay the sale of billions of pounds of bonds in an attempt to boost market stability after the mini-budget.The yield – or interest rate – on 10-year government bonds rose by more than 0.1 percentage points to trade above 4% after the central bank said the report in the Financial Times was inaccurate. Continue reading…