King Says BOE Is Ready to Add to QE If U.K. Recovery Fades

Oct. 24 (Bloomberg) -- Bank of England Governor Mervyn Kingsaid the Monetary Policy Committee is ready to add to stimulusagain as it assesses the strength of the domestic recovery amidsigns that global economic weakness is spreading.

“At this stage, it is difficult to know whether some ofthe recent more positive signs will persist,” King said in aspeech late yesterday in Cardiff, Wales. “Should those signsfade, the MPC does stand ready to inject more money into theeconomy.”