The path of interest rates at the United Kingdom central bank is under doubt, with the 30-year UK government bond yield reaching a 26-year high.
The uncertainty of the economic outlook in the United Kingdom has intensified, with the 30-year government bond yield reaching a 26-year high. The reasons behind this are, firstly, that the UK government's borrowing has exceeded official expectations this year, which may lead to an increase in UK government bond supply next year, bringing additional risks to the market. Secondly, there are divergences within the Bank of England regarding interest rate cuts, making it difficult for the market to accurately predict future interest rate trends. Thirdly, inflationary pressures coexist with weak economic growth, increasing the difficulty of policy forecasting.
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