Bank of England’s tricky balancing act in dealing with global bond shock | Letter

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Guardian Business

Bank of England’s tricky balancing act in dealing with global bond shock | Letter

Complicated trade-offs raise the issue of whether the government needs to change its relationship to the Bank of England, says Prof Costas Milas Your editorial (The Guardian view on the global bond shock: Andy Burnham should take note, 1 September) implicitly suggests that the global bond shock will bring firmly into focus our government’s fiscal responsibility. Fiscal responsibility is a precondition for avoiding a …