Carney: long-term yield jump consistent with recovery plan

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An upward move in long-term gilt yields in advanced economies including the UK is consistent with the Bank of England's (BoE) commitment to economic recovery and price stability, Mark Carney has said.

The new governor of the BoE explained the main driver behind the rise in yields is the belief that the US Federal Reserve will begin tapering its asset purchases soon. This comes in the wake of ...

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