● Neutral for Indian equities
Britain is on 'thin ice,' warns ex-Bank of England chief economist — and it must act to 'appease financial markets'
The brief
- Britain has the highest government borrowing costs in the G7
- ICRA sees state borrowing at ₹4.8-5.4 trillion in fourth quarter of FY27
- State borrowing to rise 26% to ₹3.6 tn in Q3 under new issuance strategy: ICRA
- Global bond markets sell off as inflation fears and government debt pressure mount
- US 10-year Treasury yield reaches 5.34%, highest since 2002
- Centre's fiscal deficit touches 41.9% of full-year target at Aug-end: CGA