Bank of England has doubts on eurozone convergence

With the appointment of a widely seen 'eurosceptic' as the new governor of the Bank of England, the current incumbent Sir Edward George has raised doubts about Britain's economic convergence with the eurozone but stressed the comments were based on 'economic reality' rather than an opinion on.

In evidence to the Lords economic committee, Sir Edward suggested that short-term interest rates in Britain were different from those in the eurozone because of their differing economic performance.


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