BOE Broadbent: Rise In Gilt Yields Reflects Positive News On Global Growth
March 15 2012 - 9:55AM
Dow Jones News
A recent rise in gilt yields reflects improved hopes for growth
in the U.S. and other overseas economies, rather than any domestic
issues, Bank of England rate-setter Ben Broadbent said
Thursday.
His comments follow speculation that the rise in yields reflects
investor concern over the coalition government's fiscal austerity
program. Fitch Ratings on Wednesday warned it could cut its rating
on U.K. debt because of threats to growth.
Broadbent was responding to questions from economists after a
speech here.
-By Alex Brittain, Dow Jones Newswires; +44 20 7842 9203;
alex.brittain@dowjones.com