Keeping rates low is key to stimulating the economy, Osborne says

08/17/2010 | Bloomberg

UK Chancellor George Osborne prepared markets for a tighter budget by touting spending cuts and maintaining low interest rates as the best ways to spur economic growth. "People talk a lot about fiscal stimulus," Osborne said. "We shouldn't forget about monetary stimulus. Market interest rates have fallen a long way, and that has an effect on the UK economy."

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