UK faces quite considerable headwinds
UK banking system not in strong position to lend
UK recession put downward pressure on inflation
BOE has bought GBP 96 billion of assets in APF
"If you withdraw stimulus too quickly face risk of renewed downturn"
"Obvious first step to tighten policy is to raise bank rate, not on verge of doing this"
"More concerned about below target inflation than deflation"
"We do need more powers to control the growth of financial sector"
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