Business can bypass banks with bond sales: King

The Bank of England's round of corporate bond purchases, set to begin within weeks, could revive ailing capital markets by reducing businesses reliance on bank lending, Mervyn King, the governor of the Bank of England, said on Tuesday evening.

King told business leaders in Nottingham that the Bank was likely to start buying corporate bonds in a matter of "weeks not months" after being granted the power to do so by the Treasury on Monday.

King termed the Bank's purchase of assets other than gilts

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