BoE's King to say quantitative easing starting to work

Bank of England Governor Mervyn King is expected to explain this week how the bank's quantitative-easing efforts are working as more money is flowing through the economy. However, he will also warn that more stimulus is needed to prevent the economy from falling back into crisis. The comments are expected to defend the bank's recent decision to commit an additional £50 billion to purchasing corporate and government bonds.

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