News about public debt: events, facts and developments on tafs uz.
4 stories
The European Central Bank is expected this week to keep its rate at 2.5% amid rising inflation driven by the energy shock. Markets' main attention is on France: its bond yields have hit their highest level since 2002, but most observers consider activation of the anti-crisis TPI tool unlikely.
Otabek YusupovContrary to market expectations, the Moody's agency did not downgrade France's sovereign rating, keeping it at Aa3 with a negative outlook. The decision came amid the yield on ten-year bonds rising above 5.1%, the riots of October 17 and bitter budget debates in the National Assembly. The government welcomed the decision, but experts warn that it is merely a breather, not a vote of confidence. Contrary to market expectations, Moody's did not downgrade France's sovereign rating, keeping it at Aa3 with a negative outlook. The decision came amid ten-year bond yields rising above 5.1%, the October 17 unrest, and heated budget debates in the National Assembly. The government welcomed the decision, but experts warn that this is merely a reprieve, not a vote of confidence.
Aziz KarimovAccording to World Bank data cited by Visual Capitalist, Pakistan has the largest outstanding debt to China — $8 billion more than Angola. The ranking also includes Sri Lanka, Kenya and the Republic of the Congo.
Javlon TursunovFrench 10-year bond yields are holding near 4.9% amid street protests and the fight over the 2027 budget. Public debt has reached 119% of GDP, and interest payments will rise by almost €12 billion. Oxford Economics modeled scenarios: in the harsh variant, France and Italy would enter recession in 2027, although the eurozone as a whole would avoid it. Economists note that the ECB is better prepared to support countries than in the 2010s.
Nilufar Karimova
