Qualified advisers answering your
Financial Questions
call 0800 092 1245

Charles Bean warns of central bank intervention

Charles Bean, the deputy governor of the Bank of England, has today suggested that central banks around the world may well need to step back into the fray and prop up ailing economies. Despite the fact that central banks around the world effectively bailed out the financial sector in the early days of the worldwide recession it seems as though another bout of funding may well be required in the short to medium term.

It is no coincidence that suggestion of further central bank intervention has appeared just hours after the US government warned of a significant slowdown in economic growth. It is widely known that the US economy, even though likes of China and India for example have grown in strength and stature over the years, is still the engine room of the worldwide economy. While it is helpful to see central banks coming together when the early alarm bells begin to ring there will be much work for them to do in the short to medium term.

One of the major problems in the short term will be a downturn in investor and consumer confidence around the world which in itself could prove very damaging for the worldwide economy.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details