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πŸ‡¬πŸ‡§ Bailey denies a hike plan as gilts print their highest yield since 1998

πŸ‡¬πŸ‡§ Bailey denies a hike plan as gilts print their highest yield since 1998

The UK Debt Management Office sold Β£4.25bn of 2056 gilts at 5.82%, the highest yield since 1998, while BoE Governor Andrew Bailey denied any plan to hike, pointing to an energy-shock risk premium rather than policy tightening.

News graphic of Andrew Bailey at a Bank of England podium, with a rate-hike headline, quote, bullet points, and market-impact boxes.
Bank of England Governor Andrew Bailey told the Treasury Committee he wanted to dispel any idea the MPC has a secret plan to raise Bank Rate unconditionally. Source

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