Mervyn King warns UK economy facing “choppy” recovery

london-bank-of-england-with-lamp-post-in-foreground

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The governor of the Bank, Mervyn King, also said that inflation is now expected to remain above the 2% target until the end of 2011, significantly longer than projected in May. He added it would then fall below the target due to spare capacity in the economy.

Presenting the Bank's Quarterly Inflation Report, Mr King said: "It will take many years before bank balance sheets and fiscal positions return to anything like normal. In the meantime they will act as headwinds to the recovery. But

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

To continue reading...

Sign In

Access Insurance Age

You are currently on corporate access.