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- Title
Speech at the Northwest Development Agency/Bank of England Dinner.
- Abstract
The Bank's Court of Directors (responsible for managing the Bank's affairs, other than the formulation of monetary policy) meets outside of London once each year. In October, Court was held in Liverpool and the Governor gave a speech at the Northwest Development Agency/Bank of England Dinner in Manchester on the preceding evening. He spoke about the UK and North West regional economies and identified several key questions confronting the MPC: the sustainability of the gradual global recovery; the prospects for consumption growth; and, how much risk there might be of an abrupt retrenchment by consumers. These are all difficult questions of degree. But the Governor concluded that, despite these challenges, 'in terms of the overall economy—including here in the North West, things are better than they've been in a long while'.
- Subjects
UNITED Kingdom; ECONOMIC conditions in Great Britain; MONETARY policy
- Publication
Bank of England Quarterly Bulletin, 2002, Vol 42, Issue 4, p456
- ISSN
0005-5166
- Publication type
Article