BoE ready to act if sharp US downturn-Plenderleith

Britain's central bank will be ready to cut interest rates again if the slowdown in the U.S. economy proves more severe than expected, Bank of England Executive Director Ian Plenderleith said on Mar 14, 2001.

Plenderleith, who sits on the Bank's nine-member Monetary Policy Committee, said Britain would suffer slower growth and lower inflation if the U.S. economy took a turn for the worse. "That would, of course, be grounds for us to contemplate further easing in our monetary stance," he said in

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