BoE's King on the UK economy

In his Mansion House speech given on 22 June, Mervyn King of the Bank of England said there are both upside and downside risks to the outlook for UK inflation and policymakers will react promptly to whichever one materialises.

"Judging the balance of those risks is a difficult task. What matters most is that the Monetary Policy Committee will react promptly to whichever of these risks appears to be materialising in the months ahead," King said in his speech at the Mansion House dinner.

King said

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