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BANK OF ENGLAND'S MERVYN KING SAY

January 23, 2013 07:19

BANK OF ENGLAND'S MERVYN KING SAYS BOE IS READY TO PROVIDE MORE STIMULUS IF NEEDED

BOE's King:

 long-run 2% target is essential part of framework.

U.K 4Q GDP mostly likely be weaker than 3Q

a weaker pound is needed for U.K. rebalancing.

 CPI- Targetting remit could be reviewed

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