10 July 2001, 11:05 Usd strength having 'perverse effects' on US, Europe says BoE's George
LONDON (AFX) - Sir Edward George, the governor of the Bank of
England, has warned that the strength of the usd is damaging the US and
European economies, the Financial Times reported.
Speaking after the meeting of the Group of 10 central bankers in
Basle, George, who chairs the G10 group, said the strong usdr was
having "perverse" effects on both sides of the Atlantic.
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