Mon, 09 Sep 2013 15:46:05 GMT
Osborne supports Carney's plan as borrowing costs rise
George Osborne, the head of U.K. Treasury, supported the plan of the Bank of England's Governor Mark Carney to continue stimulus programs at least till the end of 2016, or while the unemployment is above 7%. Moreover, the yields for 10-year government bonds have risen to a record high 2.96% today that makes the stimulating monetary policy even more attractive