MPC’s Sentance sounds warning on recovery
The UK economic recovery is ”clouded by great uncertainty” despite the return to growth, as credit remains hard to obtain and public spending is slashed but inflation remains too high, a member of the Bank of England’s monetary policy committee warned on Wednesday. Comparing the exit from the recent recession to the UK’s experience of ”bumping along the bottom” after the downturn of the early 1990s, Andrew Sentance, an external member of the MPC, said that it was ”very understandable” that there is still a lot of nervousness and uncertainty about the future pace of growth”.
http://www.forexfactory.com/news.php?do=news&id=217852
The UK economic recovery is ”clouded by great uncertainty” despite the return to growth, as credit remains hard to obtain and public spending is slashed but inflation remains too high, a member of the Bank of England’s monetary policy committee warned on Wednesday. Comparing the exit from the recent recession to the UK’s experience of ”bumping along the bottom” after the downturn of the early 1990s, Andrew Sentance, an external member of the MPC, said that it was ”very understandable” that there is still a lot of nervousness and uncertainty about the future pace of growth”.
http://www.forexfactory.com/news.php?do=news&id=217852
Give me patience