"The right course has been set and it's important to maintain it," says BoE Governor King...

|By:, SA News Editor

"The right course has been set and it's important to maintain it," says BoE Governor King responding to the unexpected contraction in U.K. GDP. King sees inflation popping to 4-5%, but gives no indication of a change in monetary policy to combat it. Sterling remains lower, buying $1.5796.