Story Edition - Deficit fears have hurt sterling, Bank warns

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Deficit fears have hurt sterling, Bank warns

Source country sundaytimes Tuesday, March 16, 2010 9:58:00 PM CET | info More about this article... [other]

Entities: Charles Bean[1];

Other categories: Financial Crisis; Eurostat; Monetary Issues EU;

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Charles Bean said: “The deficit now looks set to be around 12 per cent of GDP this year, which is unsustainable in the medium term,” “The recent depreciation of sterling appears to owe something to heightened fears about the UK’s fiscal prospects”

Charles Bean said: “The road ahead is likely to be bumpy and there is still the risk of further adverse shocks,” “All we can do on the Monetary Policy Committee is stand ready to react to those risks if and when they crystallise, either resuming asset purchases if further stimulation is required, or tightening policy through Bank rate increases and ultimately asset sales”

Britain’s public deficit is unsustainable and the pound has suffered from worries about what the Government will do to address it, according to Charles Bean, the Bank of England deputy governor....

BoE's Bean says deficit fears have hurt sterling

Source country finanznachrichten-en Tuesday, March 16, 2010 8:33:00 PM CET | info More about this article... [other]

By Christina Fincher LONDON, March 16 (Reuters) - Britain's public deficit is unsustainable and the pound has suffered from worries about what the government ......

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Place: Britain
Geo Path: UK
lat: 51.4879  lon: -0.177998

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  • BoE's Bean says deficit fears have hurt sterling
  • Deficit fears have hurt sterling, Bank warns

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