Bootle: No interest rate rise until 2013; King: Debt 'massive' problem

Bootle, who is now an economic adviser at Deloitte & Touche, added in a report by the auditor it is "not out of the question" the Bank will need to issue more quantitative easing, according to Bloomberg. He said in the report: "The underlying momentum of the economic recovery looks pretty weak. My central forecast is still that rates remain on hold throughout this year and next." "It is not out of the question that the MPC will eventually need to give more support to the economy. But additional asset purchases, if they do come, are perhaps unlikely until 2012." GDP will increase 1....