But on Monday last week, as investors feared official borrowing costs were becoming unsustainable, the ECB intervened to push down Italian and Spanish yields from above 6 per cent to 5 per cent.

上周一，由于投资者担心这两国的官方借贷成本将变得难以维系，欧洲央行入市干预，使意大利和西班牙国债的收益率从6%以上降至5%。

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It's the day he'll be unveiling official forecasts showing borrowing and debt both going up.

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With the Bank of England's Bank rate still at a record low of just 0.5%, the expectation is that the official cost of borrowing can only go up when it is next changed.

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The official investment grade reduces borrowing costs and widens the pool of potential investors.

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