Governor Mervyn King looks set to leave the door open to more support for the struggling economy when he presents the Bank of England's new economic outlook on Wednesday, which is likely to show a tricky mix of lower growth and higher inflation ahead.
King faces a grilling over the Bank's decision last week to halt the money printing press, as worries over high inflation trumped concerns about an economy which has slipped back into recession and faces new threats from the euro zone crisis.
http://uk.reuters.com/article/2012/05/15/uk-boe-preview-idUKLNE84E00420120515
