The recent sharp selloff in UK bonds, which pushed borrowing costs to their highest level in a year, lost steam on Friday. Investors paused their selling, leading to a stabilization in the bond market.
Governor Tiff Macklem provided further clarity on the Bank of Canada’s substantial interest-rate cut last week. He explained that the decision to ease rates is sensible, considering how aggressively the bank raised borrowing costs in recent years to combat inflation.
In the dynamic world of finance news, the recent decision by the Hong Kong Monetary Authority (HKMA) to maintain its key interest rate has stirred interest and speculation. This article delves deep into the implications of this strategic move, its alignment with global economic trends, and the potential ramifications on Hong Kong’s financial landscape. Understanding ...
