Plenderleith - UK able to weather econ uncertainty

UK - The U.K. is well placed to weather the current world economic slowdown because of its low inflation and the underlying competitive advantages of major economies, Bank of England executive director Ian Plenderleith said Thursday 20 September in a speech in Scotland.

"If we can strike the right balance in setting monetary policy, there is a reasonable prospect of our coming through them in good shape to resume the path of sustained growth looking ahead," he said, according to prepared remar

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