Central Banking

Bank of England Quarterly Bulletin, Winter 2002

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REPORT - The Bank of England released its Quarterly Bulletin, Winter 2002, on 16 December. In the report the Bank warned that increased debt levels among British consumers could lead to a problem if the economy turns sharply weaker. "Overall, changes in the distribution of household debt in recent years suggest that the household sector may be somewhat more vulnerable to an adverse shock than the aggregate measures indicate," the report said.

Index to the Quarterly Bulletin

Summary

The Bulletin is

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