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  • Government borrowing costs set for worst month since Liz Truss

    Markets

    The government’s short-term borrowing costs were on course to have their worst month since Liz Truss’s ignominious mini-Budget, until the news of United States’ talks with Iran led traders to unwind bets future interest rate hikes. The two-year gilt yield jumped by eight basis points on Monday morning, meaning the interest rate on the government’s [...]

    Andrew Bailey and his colleagues at the Bank of England are expected to vote for an interest rate cut this Thursday.

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