Mervyn King makes final ‘regional' speech as BoE governor
The governor of the Bank of England, Mervyn King, this evening (January 22) in Belfast gave his final regional speech before his term ends at the end of June this year.
The speech rehearsed the reasons for the weak growth in the UK economy – namely a "correction of exuberance on the part of borrowers and lenders", and the crisis in the eurozone, Britain's main trading partner. King said the Bank of England has "played its part" in addressing the UK economy's malaise "by administering a powerful
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