Bean Says BOE Trying to Get Reasonable Economic Activity Level
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The Bank of England is trying to get the British economy back to a “reasonable” level of activity and can then increase interest rates again, Deputy Governor Charles Bean said.
“The action that we’re taking now is designed to get the economy back to a reasonable level of activity as soon as we can,” Bean said in an interview with Channel 4 News broadcast on its website. “The faster we can achieve that, the sooner interest rates will get back to more normal levels.