BoE's George- pound fall cuts euro entry obstacles

- Central Banking staff
- 04 Mar 2003

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Sir Edward George suggested on Tuesday that the Bank of England's recent surprise cut in interest rates would be "seen as quite dangerous by the ECB". He also suggested the ECB could benefit from a technical subcommittee to make interest rate recommendations to the governing council. CentralBankNet was there to hear what Sir Edward had to say.

Appearing - possibly for the last time as governor of the Bank - before the Treasury select committee, George was quizzed extensively over the merits and

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