BoE's King sees bumpy ride ahead for UK economy

Bank of England governor Mervyn King said on Tuesday 25 October that the UK economy faces increased volatility in the next few years than has been experienced recently.

"The idea that the MPC can fine-tune the economy and can in fact ensure that the economy grows at some fixed rate every quarter is absolutely imaginary," King said in answer to questions at a House of Lords Economic Committee.

"I think a number of people in the last six months have been talking as if the MPC targets demand or even

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

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account