BoE's Barker and Fisher on economic outlook

Although there have been some encouraging signs in the British and global economies, the real question is what is happening to final demand, said Kate Barker, an external member of the Bank of England's Monetary Policy Committee (MPC).

Barker said in an Annual Report to the Treasury Select Committee that consumption was likely to be dampened by households seeking to reduce their debt levels and in situations where a continued constrained flow of credit to firms may hold back investment.

Paul

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