Signs will soon start emerging of a potential credit crunch
Articles
If policymakers are bounced into reversing recent rate increases, their already battered credibility will suffer.
The market for the riskiest bonds is slowly reopening for financial firms.
The UK central bank is setting the pace in unwinding the bond portfolios accumulated during quantitative easing.
Policymakers should acknowledge the risks to growth, as well as the need to tackle inflation.
By: Marcus Ashworth
UK policymakers need to back their own forecasts that inflation will slow.
The UK central bank is contributing to a rising yield premium for gilts.
A fragmented derivatives market would be dangerous.
The Bank of England must shoulder most of the blame for the surge in government bond yields.
Equity markets look vulnerable amid slowing growth and tighter financing conditions.