Build-up of euro area risks necessitated further stimulus: BoE’s Bean


Charlie Bean, a deputy governor of the Bank of England, on Thursday said tensions in financial and bank funding markets heightened by the euro area sovereign debt crises prompted the central bank to restart its quantitative easing programme.

At the Council of Mortgage Lenders, Mortgage Industry Conference and Exhibition in London, Bean said: "Stretched fiscal positions have raised questions about the ability of several euro area governments to support their banking systems. And the weak position

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