Oct 17, 2001, 12:01 AM
News Code: 9032152
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downturn three-year predicts England of Bank Edwar Sir England of Bank the of governor The -- IRNA 17, Oct London, and rates interest in cuts further back would he hinted has George .years more three for last could slowdown economic global the warned Sir night, Tuesday on Wales in people business to speech a In monetary Bank's the promised and ,"ride bumpy a" of warned Edwrad there if rates interest cut to hesitate not would committee policy .target on inflation keep to demand insufficient were domestic with recession, a avoid could economy British the said He confidence, consumer robust and spending government by helped demand .Wednesday Times Financial the to according was economy global the for outlook Edward's Sir says FT But .forecasters private-sector most of that than cautious more far global that suppose to see can I that reason little is There" over rate trend earlier its least at to recover not will growth has shock immediate the once years three to two next the ."time a for ride bumpy a be may It" .said he "absorbed, been underlying in fall a showed Tuesday on released figures Official back - cent per 3.2 to points percentage 3.0 of September in inflation .target cent per 5.2 government's the below between imbalance continuing the that acknowledged Edward Sir and manufacturing as such sectors exposed internationally without not" was sectors domestically-orientated better-performing ."risks to growth demand domestic encourage to can we what Doing" to preferable certainly is weakness economic global the for compensate ."whole a as economy the in slowdown unnecessary an once rates interest in rises quick at however, hinted, He .improve conditions KS/KS End