King insists economy must rebalance

mervyn-king-parliamentary-commission

The governor of the Bank of England, Mervyn King, today said there is a limit to what monetary stimulus can contribute to the UK's economic recovery - and said the economy must adjust.

At a press conference following the release of the Bank of England's latest quarterly inflation report, King said the central bank is forced to "run up an ever steeper hill" due to monetary stimulus having incentivised households and businesses to bring spending forward from tomorrow to today - meaning when

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] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

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

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: