23 January 2001, 10:22  BOE's Clementi says US soft-landing the most likely scenario

London--Jan. 22--David Clementi has become the latest G7 central banker to predict the U.S. economy is still on course for a soft landing. The Bank of England's deputy governor said the U.S. Federal Reserve rate cut, falling oil prices, and a weaker dollar should all combine to steer the U.S. off the rocks of recession. But despite his optimism, he admitted the balance of risks to the U.K. had shifted over the last couple of months and said the February meeting of the Monetary Policy Committee would be "interesting."

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