MNI INTERVIEW: Ex-BOE's Bean Says Term Funding...>

UK: MNI INTERVIEW: Ex-BOE's Bean Says Term Funding Key To Easing

Former Bank of England Deputy Governor Sir Charles Bean told MNI that the BOE's

50-basis-point rate cut last week was largely for show with the key part of the

stimulus package being targeted low-cost funding and easing of bank capital

requirements.

- MNI INTERVIEW2: New UK Fiscal Rules Likely Flawed: OBR's Bean

Any new fiscal rules adopted by the UK are likely to provide a flawed or

incomplete picture of the path of government finances, a top official at the

independent Office for Budget Responsibility told MNI.

- For full interviews see MainWire/Email at 1643GMT or contact us.