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12th Oct 2022 14:25U.K., Daily Monitor

  • The outlook for gilt yields beyond this month depends on the economy’s performance, not LDI fund turmoil.
  • August’s GDP data show a recession was underway before the surge in economy-wide borrowing costs.
  • Inflation pressures will be extinguished by the recession; the BoE doesn’t need to go into overdrive.

BoE borrowing gdp gdp data gilt recession uk yields

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Keywords for: 13 Oct 2022 UK Monitor

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