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'Too much focus' on rates: Broadbent in frame for BoE job

Bank Of England Building

The Bank of England would never give "time-specific" guidance on the U.K's first interest rate hike, Ben Broadbent, Bank of England monetary policy committee member - and rumored leading contender for the deputy governorship - told CNBC.

CFOs signal fears of consumer spending slump


With wage rises failing to match the flickering signs of an upturn in the global economy, chief financial officers have told CNBC that a lack of consumer spending is a major fear for their companies.

Recovery in euro zone business activity loses steam

Five Euro Note

The euro zone's private sector expanded in February with growth still close to the currency bloc's two and a half year high, but France bucked the trend, prompting concern over its economic growth at the start of 2014.