LONDON -- The head of the Bank of England said Wednesday that Britain was in a "deep recession" that would require further easing of monetary policy amid a deteriorating global backdrop. "The UK economy is in a deep recession," bank Governor Mervyn King said at a news conference, who also gave his clearest sign yet that the Bank of England was ready to in effect print money to get the economy going again. "The projections...imply that further easing in monetary policy may well be required. That is likely to include actions aimed at increasing the supply of money in order to stimulate nominal...
photo: WN
