Economics

King Faces 10 Days of Angst on BOE Stimulus as Slump Festers

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Bank of England Governor Mervyn King has 10 days left to make up his mind on whether he can risk halting stimulus for an economy trying to shake off a recession.

Reports starting tomorrow on manufacturing, construction and services, as well as consumer credit and house prices, will set the scene for data crunching by officials building up to a decision on quantitative easing on May 10. King and the eight other members of the Monetary Policy Committee will discuss new economic forecasts that will determine whether they extend QE or halt it at 325 billion pounds ($529 billion).