MORTGAGE rates went up again yesterday and pension funds took a hit on another day of market turbulence. The Bank of England was forced to step in for the third time in a week to try to calm the ma…
will last longer than other advanced economies, remaining high at 6.3 per cent at the end of next year.
The IMF’s chief economist Pierre-Olivier Gourinchas likened the Bank and Treasury to “a car with two people in the front and each of them is trying to steer it in a different direction.”Experts said instability, caused by traders selling off Government debt, was hitting pension funds.
Danmark Seneste Nyt, Danmark Overskrifter
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