BofE's George shrugs off fears of deflation

In an appearance before the Treasury select committee on Tuesday outgoing governor of the Bank of England Edward George said there was an "extremely" low risk of deflation in the UK and the US. He described the risk of falling prices in the eurozone as "pretty low".

Source: Independent

Sir Edward George, who steps down as governor of the Bank of England on Monday, yesterday dismissed fears that deflation was a threat to the global economy, saying the UK was "a long way off" falling victim to th