- We need to bring inflation and borrowing costs down.
- We will do that by keeping a tight grip on day-to-day spending and enforcing fiscal rules.
These comments follow the surge in long term yields that are making borrowing costs to rise further. The rise in long term yields for the advanced countries is a global phenomenon as market participants don’t like the persistent high government spending coupled with dovish central banks.
This article was written by Giuseppe Dellamotta at investinglive.com.
