‘No reason’ to think trend growth has dipped: BoE’s King

A view of the London City skyline

Mervyn King, the governor of the Bank of England, on Wednesday said there was "no reason to suppose" that the sustainable growth rate for the UK would be lower post-crisis.

The latest GDP forecasts, also released on Wednesday as part of the quarterly Inflation Report, imply that the Bank believes the UK economy can return to a level of expansion of around 2.5% to 3% per year in the medium term.

However, others say that the sustainable rate of growth is likely to be lower post-crisis. Sir John Gi

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