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Boe Governor Mervyn King

Discussion in 'Market Predictions and Reports' started by NDUKA VIVIAN CHINWE, Jun 17, 2010.

  1. NDUKA VIVIAN CHINWE

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    Hello all,

    Bank of England Governor Mervyn King said officials will probably raise interest rates before selling bonds when they decide to remove stimulus in the economy, which is still struggling to shake off the effects of the recession.

    The Monetary Policy Committee “will not hesitate to begin to withdraw the current degree of stimulus when we judge that is necessary,” King said yesterday in London. “That is most likely to be through a rise in bank rate with asset sales being conducted later in an orderly program over a period of time, leaving bank rate as the active instrument.” BLOOMBERG.
     

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