UK: High interest rates to force Bank of England to make a loss of $193 billion
Edited By WION Video Desk
Published: Jul 25, 2023, 21:45 IST | Updated: Jul 25, 2023, 21:45 IST
The Bank of England is set to incur a loss of more than $193 billion from the sale of bonds - this is due to the high interest rates. Reports now suggest that the payment will be paid by the treasury out of the current spending.
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