24 January 2001, 11:09 BOE CLEMENTI: UK ROBUST BUT RISKS HAVE SHIFTED
Deputy Governor of the Bank of England David Clementi said late Monday that
although current conditions in the UK economy are robust, the balance of
risks has changed in the last couple of months given the world slowdown,
easier labour market and recent inflation data. He noted however that
the domestic situation in UK is more robust than in the US and that the
reasons the Fed gave to explain their recent cut do not apply in the
UK.
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