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King warns on QE

King warns on QE
Sir Mervyn King has warned that the Bank of England's policy of quantitative easing has its limits, as he said that the pain of the downturn would last for a generation.

“Printing money is not .... simply manna from heaven. There are no short cuts to the necessary adjustment in our economy,” the Bank's Governor said in a speech last night in Cardiff.

Green Box: King warns on QEClick to open

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