UK Chancellor Reeves says the Government needs to make targeted interventions that will not have a lasting impact on interest rates

Chancellor Reeves' comments suggest a cautious approach to fiscal policy, indicating that any government interventions will be designed to avoid long-term effects on interest rates. This may imply a preference for short-term stimulus measures aimed at stabilizing the economy without putting upward pressure on rates, potentially supporting risk assets in the near term while keeping an eye on central bank policy adjustments.