Gilt Yields Fall After BOE Keeps Interest Rates Unchanged
Dow Jones
Jul 30
1122 GMT - Yields on U.K. government bonds, or gilts, turn lower after the Bank of England kept interest rates unchanged at 3.75% at Thursday's rate decision, as widely expected. Three out of nine policymakers preferred to raise rates. However, the BOE's statement said there was little sign of second-round effects from high energy prices so far and pointed to slowing wage growth and a weak labor market. Ten-year gilt yields drop to 5.005%, down 1.3 basis points on the day, after the rate decision, from 5.027% beforehand, Tradeweb data show.
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