The Bank of England has stepped in to calm financial markets after some pension funds said they were at risk of collapse. The UK central bank said it would spend £5bn (US$5.4bn) a day for the next 13 trading days buying long-dated gilts after last week’s budget announcement of the largest tax cuts since 1972 sent government bond yields soaring. The BoE said its decision to buy a total of £65bn (US$70.8bn) of UK government bonds at an "urgent pace" was driven by concern over "a material risk to UK financial stability” from the turmoil in the gilts market.
Private home prices in Hong Kong have fallen to their lowest level in three-and-a-half years, according to government data released on Wednesday. The Rating and Valuation Department s private domestic price index in August dropped 2.3% m/m to 368.2, the lowest reading since February 2019. Small and medium-sized homes were 2.3% cheaper than they were in July, while prices of larger fl
香港電台網站 : 第三台|Money Talk|Business and Market Discussion / Rise in interest rates and the property sector
rthk.hk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rthk.hk Daily Mail and Mail on Sunday newspapers.
香港電台網站 : 第三台|Money Talk|Business and Market Discussion / Hong Kong Summit 2022
rthk.hk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rthk.hk Daily Mail and Mail on Sunday newspapers.