Debt reduction could impact on UK rates

Andrew Large said on Monday 17 November that if personal debt was reduced in the UK it could have an impact on interest rates. In a speech to the City of London Central Banking Conference the Bank of England's Deputy Governor for Financial Stability said: "From a financial stability perspective too, however, we would clearly need to follow the evolution of any reactions and their consequences very closely.

Source: Reuters

If highly-indebted Britons decide to reduce their debt levels sharply it

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: