King’s Final Forecasts Offer Chance to Give Legacy Positive Note

From bloomberg.com

Bank of England Governor Mervyn King will today deliver his final forecasts for the economy amid signs of a fledgling recovery that may conclude his leadership of the central bank with a note of optimism. Barclays Plc and RBC Capital Markets are among banks that see the BOE lowering its inflation projection and offering a less gloomy outlook for the economy. The latest assessment, which King will present in the quarterly Inflation Report, will follow indications the economy is strengthening after returning to growth in the first quarter. King is due to retire at the end of next month and hand over to Bank of Canada ... (full story)