Bank of England Governor Mervyn King will tomorrow try to justify why officials stopped expanding stimulus even as the outlook for Europe’s economy darkens.
Bank of England Governor Mervyn King may have to embark on a new round of bond purchases as Britain’s rebound from the worst recession since World War II fades.
Britain’s unemployment rate fell to a five-year low in the first quarter as the economy created work at a record pace, evidence the recovery is sustaining momentum.
"For most of the committee, they do not see the point of rushing and choking off the recovery."
- Alan Clarke on Jan 07, 2015