King Says BOE Keeps QE Option Open as Recovery Remains Subdued

Bank of England Governor Mervyn King said the U.K. economy may shrink in the current quarter and its recovery will be subdued, prompting officials to keep open the option of further asset purchases to aid growth. “We face the rather unappealing combination of a subdued recovery with inflation re…

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King Says BOE Keeps QE Option Open as Recovery Remains Subdued