- You could argue we're quite close to a round-trip for gilt yields after mini-budget
- The framing of fiscal statements is critical to credibility
- Having clarity on fiscal plans by Oct 31 will be really important
- He has worried about a possible homegrown dash for cash after last month's mini budget
- We have to double down on efforts to explain high inflation
- We have built up a reasonable degree of credibility on inflation , obvious we are being challenged now
- Risk in UK bond yields from August might have been a sign of greater UK risk premium
I don't know how healthy it is for central bankers to be weighing in on fiscal policy and vice versa. Just set rates.
