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King Welcomes Bank of England Remit Debate Spurred by Carney

Bank of England Governor Mervyn King said it may be appropriate to review the U.K.’s inflation-targeting regime, and that government measures to strengthen the economy are needed to underpin a “gentle recovery.”

“It would be sensible to review the arrangements for setting monetary policy,” King said in Belfast yesterday in his final speech outside London before he retires in June. “There are certainly aspects of the inflation-targeting regime to consider.”