BOE’s King: Durable global recovery proving elusive

Author: Jamie Coleman | Category: Central Banks

Can’t slip anything past Merve the Swerve. He’s speaking in New York.

  • UK output has been broadly flat over the last two years
  • Very hard to know what will happen in euro area
  • Euro area uncertainty has dampened UK investment
  • Squeeze on UK pay should diminish
  • No easy solution to euro area crisis
  • Confident funding for lending scheme will feed through to lending
  • Very important to deal with “too big to fail” banks