BoE’s King faces grilling on inflation, stimulus and independence

Bank of England Governor Mervyn King will face tough questions on surging inflation, the bank’s stimulus policy and even its independence when he presents its latest economic forecasts on Wednesday.

Economists surveyed by Reuters expect the BoE to leave its medium-term forecast largely unchanged, showing annual growth of 2.0 per cent and inflation at 1.8 per cent at the end of 2014 - below its 2 per cent target - giving it leeway for more action.

via Business feed http://www.scmp.com/business/banking-finance/article/1082192/boes-king-faces-grilling-inflation-stimulus-and