BoE's King faces grilling on inflation

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SummaryBank of England Governor Mervyn King will face tough questions on surging inflation.

and also carries future risks. The government's budget watchdog warned the step would entail longer-term costs once interest rates start to rise.

King has always stressed that the BoE could only venture into more unconventional policies as an agent for the government because such policies ultimately put taxpayers' money at risk.

As his 10 years as governor are drawing to a close, he may also be pressed on longer-term issues, in particular after three reviews into the BoE's operations and forecasting record showed flaws in its governance and structure.

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