BoE's King: UK economy may be in 'soft patch'

Bank of England Governor Mervyn King said five interest rate rises since November are slowing consumer spending, suggesting rates may not need to rise much further. His comments came in an interview after a speech in which he said the current situation is the 'not-so-bad' decade to replace the nice decade.

Click here to read the speech by Mervyn King at the Bank of England's Court Dinner at the Eden Project, Cornwall on the Bank of England's web site

The members of the Monetary Policy Committee `

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