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Gilts May Decline As Boe's King Says Rates `too Accommodative'

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June 13 (Bloomberg) -- U.K. two-year government bonds may decline after Bank of England Governor Mervyn King said global interest rates may have been too low for too long, spurring inflation which is now feeding into Britain's economy.

Benchmark two-year debt has fallen every month this year as traders raised bets the central bank's Monetary Policy Committee, which last week left borrowing costs unchanged for a 10th month, will raise interest rates in 2006.

``The short end will be priced to this tightening,'' said Stuart Thomson, a fixed-income strategist at Charles Stanley Sutherlands in Edinburgh.

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So - Mervyn King says that global rates may have been too low for too long.

No s**t sherlock ! :rolleyes:

We've been saying this for yonks!!!

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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