Markets and operations 1998 Q2

Quarterly Bulletin 1998 Q2
Published on 01 June 1998
  • Bond and equity markets were buoyant in the first quarter of the year.
  • Official interest rates were unchanged in most of the major industrialised countries, including the United Kingdom.
  • Short-term interest rate expectations were also broadly unchanged.
  • Foreign exchange markets were active: sterling and the dollar rose, and the yen was volatile.

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