BQPrime
•80% Informative
Investors rapidly pared back bets on another quarter-point increase in the BOE’s key lending rate after concerns about the health of Credit Suisse led to a selloff of bank shares.
Concerns about inflation lingering near a four-decade high are rapidly giving way to worries about the confidence in the banking system.
The OBR said the losses from BOE’s bond portfolio will total 108 billion over the next five years.
The BOE bought government and corporate debt to pull down market interest rates and boost the economy.
The Treasury is now being left on the hook for the losses as interest rates rise and bond valuations sink.
VR Score
86
Informative language
87
Neutral language
58
Article tone
formal
Language
English
Language complexity
48
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
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