Rachel Lomax News
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Mark Carney may be more willing to look further into the future than Mervyn King.
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Former Bank of England Deputy Governor Rachel Lomax signaled she would be reluctant to expand the central bank’s stimulus program and said such measures risk fueling asset bubbles.
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Prime Minister David Cameron may fail to achieve his planned spending cuts as he seeks to narrow Britain’s record deficit, two former top civil servants said.
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U.K. 10-year government bonds fell, capping their first weekly decline in a month, amid speculation that offerings of new debt will overwhelm demand as the economy recovers and investors seek higher-yielding alternatives.
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Central bankers and International Monetary Fund policy makers need more control over bank lending to stabilize the global financial system, according to Jacques de Larosiere , a former governor of the Bank of France.
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Federal Reserve Chairman Ben S. Bernanke ’s push to jump-start the U.S. economy this week may weaken the dollar, forcing at least one other central bank to add its own stimulus to offset a rising exchange rate.
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Bank of England Governor Mervyn King is under pressure to show just how far he’s willing to go to support Prime Minister David Cameron ’s once-in-a-generation austerity drive.
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Chancellor of the Exchequer George Osborne dismissed suggestions from former top civil servants that he will fail to push through the spending cuts needed to narrow Britain’s record budget deficit .
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U.K. Chancellor of the Exchequer George Osborne stressed his commitment to virtually wiping out the budget deficit over the next four years after lawmakers and former civil servants said he’ll struggle to stick to the plan.
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Kate Barker , who helped select Ben Broadbent for the Bank of England’s rate-setting committee, said she’s “disappointed” more women didn’t apply for the post.
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