Bank of England's Broadbent struck by lack of UK credit growth

November 24, 2015 10:51 PM

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LONDON Nov 24 Britain's economy is not going through a credit boom and the fall in manufacturing employment in the country is a result of global trends, Bank of England Deputy Governor Ben Broadbent was quoted as saying in a newspaper interview published on Tuesday.

"What is extremely striking is the lack of credit growth. This is the most credit-free recovery we've ever had," Broadbent told the Daily Mail.

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