BoE’s Bean defends policy actions

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Charlie Bean, deputy governor for monetary policy at the Bank of England, on February 21 said if the central bank "had chosen to run a substantially tighter monetary policy, then that would only have served to depress activity and raise unemployment even further".

Speaking to the Scottish Council for Development and Industry in Glasgow, Bean said tighter policy "would also make the task of fiscal consolidation and de-leveraging even more challenging".

Click here to read the speech.

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