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BoE's Lomax: Mon. stability matters to Merseyside

In the speech 'Why monetary stability matters to Merseyside' given on 24 February Rachel Lomax of the Bank of England said the Bank sees a rebound in household spending and may not be able to wait before increasing interest rates.

While there ``almost always'' is a case for waiting, ``we need to be pre-emptive,'' she told a panel of business leaders and journalists in Liverpool, north-west England. ``Any weakness in consumer spending is likely to be temporary.''

The weakness of the euro region

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