Bank’s Sentance calls for revaluation of sterling rate

sentance-andrew

Andrew Sentance, an external member of the Bank of England's Monetary Policy Committee, on Tuesday said the Bank had allowed the pound to depreciate to an undesirable level and called for the currency to return to a more balanced value.

At a lunch in Manchester, UK, Sentance said: "Throughout the post-war history of the UK economy, policymakers have had to strike a balance between the impact of the external value of the currency on the competitiveness of exports and its potential effect on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.