Investors who’ve driven 10-year gilt yields higher ever since Mark Carney joined the Bank of England now have the governor’s blessing.
Mark Carney said rising U.K. mortgage debt may threaten Britain’s recovery as he signaled interest rates might start to rise earlier than anticipated.
Britain lost its top credit rating by Moody’s Investors Service, which cited weakness in the nation’s growth outlook and challenges to the government’s fiscal consolidation program.
When Mark Carney finally begins to lift Bank of England interest rates from a record low, his plan for a gradual tightening suggests changes no faster than once every three months.
"The headline rate could fall below zero in the coming months."
- David Tinsley on Jan 13, 2015
Tinsley Says Portugal Yields are ‘Unsustainable’ March 23