Summary
MERVYN KING warned financial institutions not to expect the Bank of England to bail them out with rate cuts if the recent market turmoil deepens.
America's mortgage meltdown is sparking hedge fund collapses and fears of significant losses at heavily-exposed banks and insurers.See the full content of this document
Extract
No Rate Cut Rescue for Lenders, Warns King
But King remains as focused as ever on curbing inflation, setting out forecasts that imp...
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