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BEAN: LOOSE POLICY IS THE ONLY WAY
Savers who have been hurt by low interest rates “have every right to feel aggrieved at losing out,” said the Bank of England’s Charlie Bean in a speech last night. However, they must remember low interest rates boost economic activity and create jobs for people who also “did nothing to create the financial crisis,” he said, arguing monetary loosening and fiscal tightening are the best responses to current conditions. Picture: GETTY