Sir Mervyn King was in front of the Treasury Select Committee earlier today. Much attention on the computer problems at RBS/NatWest, since the Bank of England is assuming responsibility for regulating banks.
But among his noteworthy remarks was the idea that we're "only about half way through" the financial crisis, and that he was confident that the Bank could unwind its substantial holdings of gilts (it owns around a third of all gilts in issue) without disrupting the market.
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