States interest cost inches up as borrowing grows 8 pc

The amount of debt raised today is a 13-week high and for the first time shows an annualised growth of 8 per cent year-to-date -- a first as throughout the year, the weekly borrowing has been below the year-ago weeks, yet 15 per cent lower than the indicated amount in the borrowing calendar, according to a note by Icra Ratings.

States interest cost inches up as borrowing grows 8 pc
The amount of debt raised today is a 13-week high and for the first time shows an annualised growth of 8 per cent year-to-date -- a first as throughout the year, the weekly borrowing has been below the year-ago weeks, yet 15 per cent lower than the indicated amount in the borrowing calendar, according to a note by Icra Ratings.