Currency CurrentsCommenting on Bank of England Governor Kings recent utterances, Bloomberg shared this story today:Nov. 12 (Bloomberg) ``We are certainly prepared to cut bank rate if that proves to be necessary'' to hit the central bank's 2 percent inflation target, said King at a press conference in London. He indicated the central bank would be prepared to push its benchmark to zero if necessary. Inflation will fall ``well below'' the bank's goal from the middle of 2009 and gross domestic product will contract by an annual 1.8 percent in the first three months of the year, forecasts by the Read more
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