London, Oct 2, 2024 (AFP) - Bank of England warns of prolonged economic risk

NAMPA / AFP

2024-10-02

The British economy remains open to financial market shocks amid geopolitical tensions and high levels of public debt in major economies, the Bank of England warned on Wednesday. The BoE's Financial Policy Committee (FPC) said that "significant financial market and global vulnerabilities remain" since its report in June. The Bank pointed to a short-lived market rout in August to illustrate the potential for the market to react strongly to unexpe......

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