Former Bank of England officials the pound fell in the long-term damage to the British economy-solid converter

Former Bank of England officials: the pound fell in the long-term damage to the British economy Sina fund exposure platform: letter Phi lag behind false propaganda, the performance of long-term lower than similar products, how to buy funds pit? Click [I want to complain], Sina help you expose them! FX168 financial newspaper (Hongkong) – a former British central bank officials on Friday (October 7th) said that the decline of the pound reflects the comprehensive transformation of British competitiveness". In the Bloomberg interview, now became the Pedersen Institute for International Economics (Peterson Institute for International Economics) President Adam Posen said the Bank of England to pound down response key is whether they believe this is a one-time emergencies. "This is beyond the ability of the Bank of england." He added. Sterling devaluation will cause inflation, the Bank of England will be difficult to match, he said. Posen also compares the current crisis with the situation in which the pound fell in 1990s and was forced to withdraw from the European exchange rate mechanism. He explained that this is not a good time for the British economy. In the short term, the devaluation of the pound will boost imports and exports and boost the economy, but in the long term but harmful to the economy. Proofreading: Sherlock into the Sina financial stocks] discussion相关的主题文章: