LONDON (Reuters) - Bank of England Governor Mervyn King said on Thursday that an economic recovery is in sight and has momentum behind it, broadcaster ITV reported.
King's comments in a rare television interview to be broadcast later on Thursday largely echo those he made when he presented the central bank's quarterly economic forecasts last month.
"There is momentum behind the recovery that's coming and I think that during the course of 2013 we will see the recovery come into sight," King was quoted as saying on ITV's website.
"If you just take away for the moment what happened in the North Sea oil production and in construction, the UK economy even last year grew by 1.5 percent," he added.
King's cautiously positive tone comes despite the fact that Britain's economy contracted in the last three months of 2012, and weak economic data early in 2013 has put the country at risk of its third recession in four years.
King himself voted to restart the central bank's asset purchase programme last month, but failed to find backing from most other members of the BoE's Monetary Policy Committee.
Minutes of this month's meeting, to be released on March 20, will show whether he backed further asset purchases again.
(Reporting by David Milliken; editing by Olesya Dmitracova, Ron Askew)
Source: http://news.yahoo.com/boes-king-sees-uk-recovery-itv-183302104--business.html
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