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Financial institution of England official Ben Broadbent sorry for sexist remark about “menopausal” economic system

LONDON — Considered one of Britain’s prime central bankers has apologized for utilizing sexist language when saying the British economic system is coming into a “menopausal” second. In a press release Wednesday in response to The Day by day Telegraph’s front-page headline, Ben Broadbent mentioned he was “sorry” for his “poor selection of language” in an interview with the newspaper.

The Financial institution of England’s deputy governor for financial coverage mentioned he was seeking to clarify the that means of the phrase “climacteric” – a time period, he mentioned, that was utilized by financial historians to explain low productiveness development through the nineteenth century.

He mentioned that “financial productiveness is one thing which impacts each one in every of us, of all ages and genders.”

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