BoE's Lomax on global financial imbalances

In a speech at the Chatham House conference on Global Financial Imbalances given on 24 January Rachel Lomax of the Bank of England said large global economic imbalances increase the risk of financial market disruption, which could hurt economies.

"I am acutely conscious that a world of large imbalances carries some risk of disruptive market adjustments, even if the probability of them occurring is low," Lomax said.p>

"These could have a significant impact on economic activity, especially if they

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