11 Hrs
Source:
The Guardian
Global bond sell-off intensifies amid US growth concerns
A Bank of England deputy governor has signaled that interest rates may need to rise to combat ongoing inflation risks driven by high oil prices and energy shocks, with policymakers debating whether to tighten monetary policy if inflation persists. The Treasury Committee is also launching an inquiry into the Bank’s independence and effectiveness after 30 years, amid questions about whether its remit remains suitable for the current economic climate. Meanwhile, UK retailers are reducing orders at the fastest pace in decades, and housebuilder Vistry has sharply lowered profit forecasts due to significant losses, reflecting broader economic pressures.
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