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Finance-banking sector fulfills 2022 goals: minister | Business

Minister of Finance Ho Duc Phoc has said the finance-banking sector accomplished its set goals for 2022, with State budget collection surpassing the estimate by nearly 20% amid unfavourable changes in the country and the world. ....

Han I , Republic Of , National Assembly , Vietnam News Agency , Finance Ho Duc Phoc , Minister Of Finance Ho Duc Phoc , Vietnam News Agency , State Budget Collection , Socio Economic Recovery , Government Debts ,

BBCNEWS BBC News June 4, 2024 03:11:00

These were rises in two days that would normally take years, increasing the cost of borrowing for government and everybody. the bank of england intervened today, buying up those debts in unlimited quantities, which brought down those interest rates, but they remain high. high interest rates mean the value of the government debt, an iou called a bond, decreases. for some long term loans, their worth effectively halved, with severe consequences for one sector in particular. this was a dramatic, surprise intervention by the bank of england to save a trillion pound corner of the pensions industry. ordinarily, these funds buy up government debts because they re safe as houses, no risks. but their value fell so rapidly in two days that they had to be saved in this way. but this also helps the government at a tricky time by finding a customer the bank of england for the tens of billions of pounds of debt that they ....

Bank Of England , Interest Rates , Government Debt , Government Debts , Pensions Industry ,

BBCNEWS BBC News June 4, 2024 02:11:00

The bank of england intervened today, buying up those debts in unlimited quantities, which brought down those interest rates, but they remain high. high interest rates mean the value of the government debt, an iou called a bond, decreases. for some long term loans, their worth effectively halved, with severe consequences for one sector in particular. this was a dramatic, surprise intervention by the bank of england to save a trillion pound corner of the pensions industry. ordinarily, these funds buy up government debts because they re safe as houses, no risks. but their value fell so rapidly in two days that they had to be saved in this way. but this also helps the government at a tricky time by finding a customer the bank of england for the tens of billions of pounds of debt that they have to raise. so this is an emergency intervention, it is a crisis. and, whilst this will help buy some time, it doesn t solve the underlying problem, ....

Bank Of England , Interest Rates , Government Debt , Pensions Industry , Government Debts , Emergency Intervention , Doesn T ,

BBCNEWS BBC News June 4, 2024 01:11:00

In unlimited quantities, which brought down those interest rates, but they remain high. high interest rates mean the value of the government debt, an iou called a bond, decreases. for some long term loans, they were effectively halved, their worth effectively halved, with severe consequences for one sector in particular. this was a dramatic, surprise intervention by the bank of england to save a trillion pound corner of the pensions industry. ordinarily, these funds buy up government debts because they re safe as houses, no risks. but their value fell so rapidly in two days that they had to be saved in this way. but this also helps the government at a tricky time by finding a customer the bank of england for the tens of billions of pounds of debt that they have to raise. so this is an emergency intervention, it is a crisis. and, whilst this will help buy some time, it doesn t solve the underlying problem, which is the government s economic credibility ....

Interest Rates , Government Debt , Bank Of England , Pensions Industry , Government Debts , Emergency Intervention , Doesn T ,

BBCNEWS Newsday June 4, 2024 00:18:00

Those interest rates, but they remain high. high interest rates mean the value of the government debt, an iou called a bond, decreases. for some long term loans, they were effectively halved, with severe consequences for one sector in particular. this was a dramatic, surprise intervention by the bank of england to save a trillion pound corner of the pensions industry. ordinarily, these funds buy up government debts because they re safe as houses, no risks. but their value fell so rapidly in two days that they had to be saved in this way. but this also helps the government at a tricky time by finding a customer the bank of england for the tens of billions of pounds of debt that they have to raise. so this is an emergency intervention, it is a crisis. and, whilst this will help buy some time, it doesn t solve the underlying problem, which is the government s economic credibility ....

Interest Rates , Government Debt , Bank Of England , Government Debts , Pensions Industry , Safe As Houses , Emergency Intervention ,