http://www.telegraph.co.uk/news/ukne...y-be-over.html
The worst of the credit crisis may now be over and markets could soon be on the road to recovery, the Bank of England believes.
In a report likely to reassure families struggling with soaring mortgage bills and falling house prices, the Bank's deputy governor, Sir John Gieve, said London's troubled money markets could soon recover from what is widely regarded as the worst crisis since the Great Depression.
He said: "The most likely path ahead is that confidence and risk appetite will return gradually in the coming months."
The worst of the credit crisis may now be over and markets could soon be on the road to recovery, the Bank of England believes.
In a report likely to reassure families struggling with soaring mortgage bills and falling house prices, the Bank's deputy governor, Sir John Gieve, said London's troubled money markets could soon recover from what is widely regarded as the worst crisis since the Great Depression.
He said: "The most likely path ahead is that confidence and risk appetite will return gradually in the coming months."
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