Bank of England King rules out rapid economic recovery

The pound fell and yields on government bonds sank to record lows on Tuesday after Mervyn King, Bank of England governor, doused hopes of a swift economic rebound and warned households and businesses of a “slow and protracted” recovery. His comments led to a sharp reassessment in financial markets of the likelihood and timing of any rise in interest rates, the FT said. Mr King’s remarks contrasted sharply with Ben Bernanke’s relatively upbeat assessment of the economic outlook for the US.

http://ftalphaville.ft.com/blog/2009/09/16/72136/king-rules-out-rapid-economic-recovery/

 

Hmm?Bernanke said the US recovery would be lackluster