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 l

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