Monetary policy must inspire confidence to counter debt fears
Households and firms were allowed to accumulate unsustainable levels of debt in the lead up to the credit crisis, said Kate Barker, a member of the Bank of England's Monetary Policy Committee (MPC).
In a speech to the West Cheshire and North Wales Chamber of Commerce, she outlined the state of debt in the economy, and argued for prudence in monetary policy.
She acknowledged the economy was starting to pick up - led by strong equity markets worldwide and the recovery of industrial production in
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