Sir Mervyn King calls for more QE

AOL Money Staff
Mervyn King
Mervyn King

Sir Mervyn King said more money must be pumped into the economy to underpin the UK's "modest" recovery as he bows out as governor of the Bank of England.

In his final Mansion House speech, Sir Mervyn said there is a "powerful case" for more money printing while the battered eurozone economy and Britain's hamstrung banks continue to hold back growth.