Bank of England Governor Mervyn King on Monday said he was concerned that countries will increasingly resort to "actively managed exchange rates" next year, in place of domestic monetary policies, if the global economy remains unbalanced. King outlined the external threats facing the struggling UK economy, including the euro zone crisis and the U.S. "fiscal cliff," the full effects of which he expects the United States to avoid. But in a speech in New York, he chose to highlight growing worries over central banks using their policies to influence domestic currencies. If countries do not work to rebalance the global ... (full story)