BoE's Clementi says "clear downside risk" to rates

UK - Bank of England deputy governor David Clementi said on Friday there were "clear downside risks" to UK interest rates due to the slowing world economy, made worse by September's attacks on the United States.

But he went on to strike a cautious note by pointing out that those risks needed to be weighed against the continued strength of the domestic economy.

Clementi told the annual conference of the APCIMS that the world economy could slow further if adverse confidence persisted.

That could lead

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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 individual account

.